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EURUSD: The 280-Pip Move You Don’t Want to Miss

From dailypriceaction.com

The EURUSD has started the week with another 60-pip drop after breaking 1.0800 support, as discussed late last week. What’s next for the EURUSD as it comes into some support at 1.0730? Will the downtrend continue, and if so, what’s the best way to trade it? Get all of that and more in today’s video! EURUSD is once again playing out as anticipated following the 1.0800 breakdown last week. Thursday’s close flipped the level to resistance, while the US Dollar Index (DXY) was breaking above the 104.45 key level. With the DXY now testing 105.00 resistance and EURUSD testing 1.0730 support, the question is, will the euro’s ... (full story)

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  • Category: Technical Analysis