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EURUSD Forecast – $1.17200 Is a Breakpoint
The week behind has shown bears breakout below previous day candles lows which led the price to $1.17200 support level. Week started with small bearish candles and on Wednesday touched the support at $1.17200 and in the following two days reversed up to $1.18000. The price reversed on Friday which is a day when the traders get out from the market. Having strong support $1.17200 counted in it makes sense the price reverses. Lots of traders were closed at the support and the pushed the price higher. $1.18000 is a round number which acted as a resistance for the price and now the market looks like it has tested the ... (full story)