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The inverted reverse break observed in the EUR / USD chart at 4 o'clock validates the bullish outlook advanced by the breakout of the declining channel on Monday and represents a bearish trend shift to bullish higher highs and lows.
As a result, the common currency could reach 1.14 the next day or the next two days. The bullish case would weaken if the spot was accepted under the inverted neckline of the head and shoulders, currently at 1.1330.
4 hour chart
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Trend: Bullish
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