EURUSD – Starts the correction higher

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Monthly: Trading within a bearish channel formation. Trend line resistance is seen at 1.2583. Levels close to the 38.2% pullback level of 1.2522 (from 1.6038-1.0349) attract sellers. We trade to the lowest level in 10 months. This area has acted as resistance in 2016 and 2017 (1.1714 and 1.1616) and now acts as support Weekly: After posting a bearish Outside Week (week 16th April) the major...

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