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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, pushing price back above the LT resistance we have mentioned in earlier market commentaries, producing a false break setup. The first re-test of the LT S/R zone resulted in a solid reaction and bears are now attacking the zone again.
The strong buying, almost equal in strength compared to the preceding selling, pushed price back above the …... Keep reading