EURUSD: The pair initially fell down from the past week’s congestion range but did so without any follow through selling so prices soon returned back up into the prior range hence creating a false break, a spring bottom buy signal. The false break was also accompanied by the still persisting bull divergence (MACD, stochastic and more) which will help underpin a move higher. However to confirm that a somewhat more profound reaction has started 1.1871, the high end of the range must be taken out.
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