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With today's announcements from ECB President Draghi bringing in strong EUR sellers we can bet on continued weakness. Today's spike high confirms the 123~ resistance zone and that sellers are now in control. An outside return to previous resistance at 121.88 or support at 122~ will offer a probable shorting opportunity. Downside risk may be supported at 120.88...
Hello traders! I've spotted this buying opportunity here on GBPUSD which has been seeing upside ever since the October Flash Crash. The 1.25 area marks a clear level of resistance that price finally managed to break out of on December 1st with price accelerating from the 1.254 level. If price can manage to return to that 1.25 area it will likely act as...