Trading Setups / Chart in Focus:
EURUSD
The EURUSD moved higher today, closing just above the 8 day EMA resistance level. We see this current move higher as a counter-trend retrace and traders can watch for price action sell signals from resistance to rejoin the downtrend. Key resistance comes in near the 21 day EMA and the previous breakdown level near 1.2625 – 1.2640.
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