EURUSD Consolidating Above 3 Month Downchannel Resistance

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The EURUSD is seeing some healthy profittaking heading into today's European morning as it consolidates a 3rd straight day after last week's rally to the key 1.14 whole figure level. Significantly, the EURUSD remains above downchannel resistance (on the daily chart) and will likely find strong support if it slides further to 1.13 in the next few days...Click here to read the full analysis of this market as well as on AUDUSD, Arabica Coffee

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