EURUSD formed a short term cycle bottom at 1.5510 on 4-hour chart. Consolidation in a range between 1.5510 and 1.5902 is expected. Fall below 1.5510 may turn price back to retest 1.5342 previous low support. Only rise above 1.5902 (Mar 17 high) may indicate the sideways consolidation in range between 1.5342 and 1.5902 has completed and long term up trend has resumed.
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