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Forex technical analysis: EURUSD stays below underside of broken trend line

Discussion in 'Technical Analysis' started by ForexLive, Oct 13, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Support found against trend line on the hourly though as trader battle it out. The EURUSD tested the underside of a broken trend line on the daily chart. That trend line was broken in yesterday's trading, Testing and holding below the level at the 1.10395 level shows that sellers are leaning - keeping the bears/sellers happy (stay below in control. Move above and the buyers have more control)..

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