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EURUSD – False Break @ LT Support (Daily chart)
Price Action Context
After pulling back deeper into the wide multi-year support zone from 2015-2016, bulls stepped in with force ending last trading week, pushing price back above the LT resistance we have mentioned in earlier market commentaries, leaving a potential false break setup.
The strong buying, almost equal in strength compared to the preceding selling, pushed price back above the LT resistance, rendering our bias neutral for now. Looking to buy …... Keep reading