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EUR/USD not finding resistance where it needs to

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD may change its value area in the next days and start auctioning lower. In that case the equity needs to be balanced against the five open longs now floating in negative. The problem at the time of writing is the pair is not finding resistance where it needs to, forcing shorts to be entered at market or using stop orders. Open shorts are to be found at 1.0767, 1.0735, 1.0693, and 1.0659. New limit orders are seeded to purchase the pair at 1.0481, the bottom of a descending channel and

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