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EUR/USD Channel Trade

EUR/USD Channel Trade

Bullish EUR/USD:  We are currently @ 1.2148 in a range and a channel. IF we can break this resistance, we are looking for a move to the ATR Target  @ 1.221 area. A continuation would target the channel wall for an additional 25 pips. Watch the USDX for any change in direction. The ATR for the pair currently is 75 pips per day. 

EURUSD channel trade

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