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Weekly Overview on Majors' Price Action

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD - Sideways Move In my last week’s article my favorite scenario was taking into consideration a break above 1.0800 and a rally towards 1.0900. Seems like bulls did not have enough power to do that. The price triggered the alternative scenario. The break below the lower line of the Flag triggered a fall towards 1.0700. After breaking this level the price fell 25 more pips, reaching a new low at 1.0675. Here it found a good support area from which bounced back towards 1.0800. During the

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