Euro / U.S. Dollar
Long

DeGRAM | EURUSD expansion contraction

471
EURUSD is trading above the trendline and psychological level of 1.0600.

The market broke out of the consolidation zone. Usually, when the markets make a significant move, the price tends to consolidate.

Contraction leads to expansion, and expansion leads to contraction.

We expect a consolidation until the price shows a new trend.



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