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Forex technical analysis: EURUSD traders going with the flow

Discussion in 'Technical Analysis' started by ForexLive, Sep 28, 2016.

  1. ForexLive

    ForexLive Forum Member

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    What can you say when the price action is ___________? I look at the EURUSD price action (i.e chart) and I see a continuation of up and down uncertainty. Traders are turning their bias around and around and around. That helps to create a picture where there may be false breaks. For example, when the price went below the 200 day MA last week (lower green line) it failed to lead to more selling. Instead it found support against the end of August lows and rebounded higher.

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