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EUR/USD - Looking at Shorter Patterns to Grasp Powerful Trends
Patterns generally tend to have other types of developing patterns in them. The smaller time framed patterns can structure moves within the longer term patterns. In retrospect, it is prudent to pay especially a close attention to smaller patterns that are derived in the market place. A case for the EUR/USD is no different as we take a look at the technical developments of the currency pair on weekly charts. We will deconstruct the market price action from the smallest timeframe patterns to a longer term patterns, to derive a potential trend. Drawn out as blue lines, we find a symmetrical formation structure. A ... (full story)