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Long-term and short-term analysis of the Australian dollar's performance against the US dollar.
EUR/USD: developing 'Three Methods' pattern
Information is not investment advice
It seems like there's a developing bullish 'Three Methods' pattern. Also, the 55 Moving Average is acting as resistance. In this case, the pair is likely going to reach the next resistance at 1.1434 in the coming days. The subsequent pullback from this level could be a departure point for another decline towards the previously tested support at 1.1231.
Galya Svetlova
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