EURUSD levels below 1.20 are good for long positions

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Thread: EURUSD levels below 1.20 are good for long positions

  1. #121
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    EURUSD levels below 1.20 are good for long positions
    It bounced off from 1.1700. As I thought, the consolidation will likely last until the market closes.

  2. #122
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    It closed at 1.1715. Hopefully next week the consolidation will end.

  3. #123
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    It formed a double bottom at 1.1680, we may see a significant move to the north again after all.

  4. #124
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    So much about the double bottom, it broke out below that level and it is now depreciating further toward 1.1650.

  5. #125
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    EUR/USD is falling like a rock at the moment. Personally, I think it will reach 1.1600 and may break out below that level.

  6. #126
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    It broke out below the last low from last year at 1.1600. It's more or less in freefall right now.

  7. #127
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    The last low, formed in March last year, was at 1.0630. I doubt it could drop that low without any of serious correction, but we will have to wait and see.

  8. #128
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    It dropped to 1.1560. Even if we see some retracement next week it will likely remain very bearish.

  9. #129
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    Let's see how it will develop next week.

  10. #130
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    in ro ham eslah kon:
    Let's see whether the move south will continue next week.

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