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Wanted to share Ross' daily forex analysis. He uses the eldest and traditional approach anyone can use to trade: resistance and support. However, simple things tend to work in the long run.
What I like the most about his daily commentaries are the areas where he draws a valid point of interest.
Today you can see where the single currency finds support 'holds' and seems to find traction and again challenges the resistance. Of course, once the price breaks and opens it can easily target upside levels 1.1480, later 1.1555 and finally 1.1610 level.
True, we cannot discount a move lower, (no shame if things go the other way) we should not be surprised if EURUSD drifts lower all the way back to 1.1300 and 1.1270 level.
What do you guys think? I know it could boring, but it is not a bad road map to have every day.