Weekly Price Action & Key Levels Outlook | Nov 10-15

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EURUSD – Bearish Under 1.3460
Closing red for the last 8 out of 10 days, the Euro has been getting hammered, down almost 500 pips since the late Oct. highs just above 1.3800. The pair has found some buying interest off of 1.3300 with two rejections off the round number, but the outlook is still bearish while below 1.3460. I’ll look to short the pair on any corrective pullbacks or absorption at 1.3460 which is a key level and breakout pullback area. Only a daily close above 1.3645 would change my bearish perspective.

GBPUSD – Still Holding Key 1.5900 Level, But…
Over the last month the GBPUSD has held the 1.5900 ‘line in the sand’ which tactically means we are …

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