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Forex News

Consolidating in a symmetrical triangle pattern

USD/CAD’s 4-hour chart shows the pair is trapped in a symmetrical triangle.  The outlook would turn bullish if the triangle is breached to the higher side. USD/CAD is currently trading in the red near 1....

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Forex News

Euro formed head-and-shoulders pattern, nearing 1.1121 resistance

EUR/USD had a failed bearish breakout below the 1.1098 level. Resistance is seen at the 1.1121 level and the correction can extend to 1.1151 resistance.   EUR/USD daily chart    EUR/USD is trading in a weak be...