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EUR/USD Pivot Point 6 ,June 2015

Source:Fxpro broker

Pivot: 1.122

Most Likely Scenario: Long positions above 1.122 with targets @ 1.1385 & 1.1465 in extension.

Alternative scenario: Below 1.122 look for further downside with 1.1175 & 1.1115 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

EUR/USD Chart

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