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The EUR/USD chart is beginning to look problematic

The EUR/USD chart is beginning to look problematic

You hate to see something rally to a five week high and then turnaround and close solidly negative.

That's what has happened in EUR/USD and it may be the trigger the bears are looking for. It marks an outside day out the daily chart and a sharp reversal.

That's an ugly pattern.

The only caveat I'd add is that Thursday/Friday was holiday-like trading in the US so if you ignore those, it's not an outside day to Wednesday's candle.

To have any kind of confidence that th... Read More

Posted: Nov 28 2022, 20:25
Author Name: forexlive
Views: 102693

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