Weekly Forex Technical Outlook – 14th July

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EURUSD (1.103): For the most part, EURUSD has been consolidating longer than expected. Overall, the price action is limited to the highs and lows off June 29th session of 1.1277 and 1.0948. A strong support has been established near 1.0948 below which the next major support comes in at 1.0815. Plotting a rising price channel on the daily charts, price is currently trading near the lower rail of th...

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