EUR/USD – 07.07.2017

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On our previous analysis, we have correctly predicted a drop to 1.1150 on EURUSD. Since then the pair has spiked up to 1.1450.

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So shall we expect a further increase on EURUSD?

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The pair is trading at 1.1423. Looking at the long term trend, the positive outlook carries on. However we are expecting a small consolidation. Although it can still spike up to 1.1470, our short term target price is 1.1300.

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This cannot be considered an investment advice!!