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Forex Trade Signals and Setups Dec. 6th
AUDUSD – Short Term Range Dominates
While liquidity is slowly being sipped out of the market heading into the holidays along with the EU summit on Dec. 9th likely holding back any major positions on the EURUSD, price action for the pairs is becoming more acquiescent and hence the lack of breakouts. The Aussie has also fallen victim to this but there is still a trade opportunity in play as the range lows that we mentioned at 1.0155 have held the first touch so short term traders can play the range with tight stops while looking for a breakout-retest setup should the lines in the sand get dashed.
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