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Yesterday’s EURUSD Signal Result: We stayed flat yesterday without a clear support or resistance line to trade, and that appears to have been the right decision as price settled just about where we left off yesterday, after a brief rally and fall.
Today’s Signal: Price is currently curling downward under our aggressive falling resistance, and just touching a longer-term rising support (dashed red line). A break below that line, as we just saw on GU and also UJ last week, could lead to a larger downward correction with support at 1.3265 and 1.3200. If price snaps back to the trend and breaks our resistance we will get long with a TP of 80 and a SL of 50.
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