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Weekly Overview on Majors' Price Action

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 23, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD - Continuing the Downtrend EURUSD broke the support area I drew last week on my chart and dropped close to 1.0620. From this level bounced back up towards the first line of this down trend, where it found agood resistance before 1.0800. The next drop in price brought EURUSD to 1.0600,where it found another support.Currently the price is trading between the two most important trend lines of this trend. I am expecting for the down pressure to continue because of fundamental

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