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Argued by some to be one of the most liquid currency pairs, the EURUSD is closely watched by traders around the world. Its dynamics influence the entire currency market – it is said that when the EURUSD is in a range, the entire currency market consolidates.
For months, the EURUSD consolidated between 1.10 and 1.08. It broke slightly above or below the two extremes, but with no follow-up. It all ended two weeks ago (nine…
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