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EUR/USD – getting close to resistance of a Rectangle

EUR/USD – getting close to resistance of a Rectangle

EUR/USD is moving towards a resistance line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 7 days and may test it again within the next 2 days.

Chart 4 hour
Pattern Rectangle
Length 29 Candles
Identified 02-Sep-2022 08:00 UTC