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USD Bounce or Break at Support

July 31, 2017 10:00

The EUR/USD is an uptrend and a potential bounce at 1.1650-1.17 is likely considering the strong bullish momentum. A bullish breakout above 1.1775 could see price move towards 1.1850 and 1.20. The USD/JPY is showing bearishness as long as price stays below 111 and the GBP/USD market structure too if price manages to break above a key resistance trend line.

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