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Here we have our EURUSD Chart,
We have looked at lower TFs for this asset and we are going to look at the Weekly chart.
As you can see we are way off our KEY MA's and now seeing price stall as it reacts to this area.
This asset is oversold and has been for some time. We are looking for a long move back towards our Key MA's so we can exit for gains.
The directional arrow shows this price movement. Remember the further off the MA's we are the lower the price.