For most of the year so far, EURUSD, the most popular Forex pair, has consolidated. It may not look like at first glance over the daily chart, but when the market forms higher lows and lower highs, that is called a triangular consolidation.
Many traders tried to catch a trend on the pair since the year started. Unlike its peers (e.g., AUDUSD), the EURUSD was reluctant to move either way. Bears looked at the bigger…
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