Hi traders,
Once again another compelling case study EUR/USD traded to its highest level in three weeks this past week. EURUSD has retraced significantly off its lows. Price reversal has been accompanied by an increase in volume. “Whenever we see price move counter to the trend, we want to gauge how strong the move actually is. This means we want to see price retrace significantly AND see a larger than average amount of trading volume throughout the move. The larger the move and the more real…
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