EURUSD

Quoting iaveight

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{quote} Not even big enough to admit you misread what I put, the weekly trend line is broken it is now in a range between two levels from weekly supply and weekly demand, a corrective phase took place from the lows from then the range is getting tighter, this is consolidation......

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Quoting MissPips

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{quote} Should be noted however that it's pretty rare for the EURO to go more than 6 days in a row in one direction without a pull back day. Eight is the most I can remember and that's pretty rare. Five is less rare.

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Quoting MaxDoom

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{quote} and I said DAILY and WEEKLY and no matter how you look at the weekly it is correcting 1) retracing the larger move down in an ABC 2) nearly 50% retrace on the last move down 3) recent bars are not overlapping 4) this bar is breaking the upper trendline you carry on and call it consolidation if you want {image}

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Quoting MaxDoom

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{quote} and I said DAILY and WEEKLY and no matter how you look at the weekly it is correcting 1) retracing the larger move down in an ABC 2) nearly 50% retrace on the last move down 3) recent bars are not overlapping 4) this bar is breaking the upper trendline you carry on and call it consolidation if you want {image}

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Quoting MaxDoom

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{quote} What is your problem? I didn't misread you I simply said that Daily and Weekly are in correction and you didn't like it, but instead of saying how do get there, expalin or anything simple like that! you come back with a post from investopedia I've given you my view, I've shown you a daily and weekly chart - there is nothing more for me to say on it time to let it go... {quote} with all due respect that is nothing to do with consolidation

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Quoting Ken A

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Ma heroes

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Quoting Dano12

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{image}

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Quoting Atihun

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{quote} this is my view {image}

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Quoting marskaydir

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{quote} Dano12, looking at your graph, you have the max (Blue Line) at 1.11361 uptrend. So are you saying that this is resistance?

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Quoting marskaydir

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{quote} And we just broke through that

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Quoting JustAndy

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1.124 wants to be touched...bears just dropped the wallet and bent over the table.

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Quoting krishelis

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{image} Break of 1.1092 will lead to 1.1118, 1.1141, 1.1161

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Quoting JustAndy

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State Bank of China is selling USD left and right

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