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Weekly Overview on Majors' Price Action

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD - Continued the downtrend Last week my expectations were for the EURUSD was to break under 1.0600 and move down to 1.05. The price broke below the support level, but bears did not have the power to push the price to the next round number. The drop stopped pretty fast and the price bounced back to 1.0700. After retesting the resistance it dropped again to retest the lows. EURUSD is now trading around 1.0560 and it seems that bears are ready to push this pair lower. I am still expecting

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