EUR/USD Daily time frame Analysis

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4 January 2018

EUR/USD Daily time frame Analysis

As we can see on daily time frame chart, the price has broken the neckline of the chart pattern (head and shoulders).

We can conclude that that pattern is now active, however, we might expect a slightly correction by the price close to the neckline in order to confirms the bullish movement on EUR/USD.

Spain's 10-year bond yield falls 5 bps to 1.54 pct following first spanish debt auction of 2018, set for biggest daily fall in almost 2 months

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