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EURUSD breaking out of long term support,potential for big drop!

EURUSD has broken major ascending support line triggering a potential drop. Our 1st resistance is at 1.2360 (Fibonacci retracement, breakout level) and a strong drop could occur from here to push price down to 1.2083 support (Fibonacci retracement, horizontal pullback support).

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Tickmill

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results

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