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Trend lines are a very important price action tool as we could also see in the yesterday’s GBP/JPY analysis. The price respected trend lines and GBP/JPY went up as expected. Today, the EUR/USD is still bought on dips and the price is currently above both ascending trend lines and D L3 pivot. The POC 1.1755-70 is a very important zone. Bounce above the zone should target 1.1798 followed by 1.1818. Continuation above targets 1.1870. On the contrary, a drop below 1.1750 should target 1.1715 and 1.1664. General trend is up, but you always need to pay attention to important zones and levels.
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