Technical Tools
Support and resistance (S/R). Price levels, trendlines and Fibonacci retracements. Price action, candlestick and chart patterns. Simple moving averages (SMA). Commitments of traders (COT) indicator, which displays speculative positioning in FX futures market, used as a proxy for speculative positioning in spot FX market.
Weekly Chart

The pair broke below strong 115.50 - 116 support zone that was holding it since late 2014. The decline has seen 100 week SMA, 2013 - 2014 trendlin…
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