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| EUR/USD 4-hour chart, source:forexfactory.com |
The Head-and-Shoulders pattern built in two weeks ago showed the typical flow of price in 4-hour chart. As it is completed, downward trend has led the chart. Though price of currency pair EUR/USD is supported at 1.0596, new trend is still effective and its rebound will be restrained at 1.0650 first and 1.0700 by 4-hour chart.
Fed Chair Janet Yellen testifies before U.S. Congress on Wednesday(EST).
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