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EURUSD: Keep an Eye on the 1.1000 Area
video The EURUSD is pulling back this week after retesting the October high. You can see where the pair carved a bearish engulfing pattern on Monday, which hinted at Tuesday’s pullback. Notice too how the euro is currently testing that key support area at 1.1070 that I mentioned on Saturday. But given the intensity of this selloff, I’m not expecting 1.1070 to hold this time. It appears the EURUSD needs to blow off more steam before the next rotation higher can materialize. This isn’t surprising, though. Just look at how choppy the EURUSD has been since it entered this descending channel at the end of last ... (full story)
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- Nov 5, 2019 7:16pm Nov 5, 2019 7:16pm
- Ghass1234
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- NotAtrader
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Start with 1000$. Increase by 3% every day. After one year 2 213 314$