Price came down towards a major area of support from 1.3312 to 1.3301 (50% retracement, and the 76,4% retracement). A possible bounce was likely to occur from this level. And it did, today the EURUSD moved sharply higher during the European and American session. Currently the price is moving down a little but this could well be because of profit taking daytraders.
The next big level of resistance is at 1.3460 ( This is also the Fibonacci retracement, and last previous high). The next big level o…
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