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Technical analysis of EURUSD (6 Oct 2020)

EURUSD is testing key resistance area that was once support. Bulls are challenging but there is no break out yet. Price is stuck below key resistance of 1.18-1.1820. As long as price stays below this area, the chances favor a rejection and pull back lower. Red rectangle -resistance Green rectangle- support EURUSD is back testing broken support from below. A rejection here and a move below 1.17 will open the way for a...

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