EURUSD broke above 1.0700 resistance, indicating that the downtrend from 1.1450 had completed at 1.0462 already. However, the rise from 1.0462 would possibly be consolidation of the long term downtrend from 1.3993 (May 8, 2014 high), range trading between 1.0462 and 1.1050 would likely be seen over the next several days.
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