FX:EURUSD   Euro Fx/U.S. Dollar
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Market pushed into weekly support, rejected the area and proceeds in the trend direction.
Under the support traders who were weak long, were stopped out. This encouraged short sellers to trade only to find themselves selling into major support. Sellers quickly run dry and buying resumes.
SignalTradersUK
3 years ago
This was good for the close last night. The consolidation that followed led me to believe that if we broke below the support we would have a significant sell zone. I posted a new chart detailing this
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