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23. Okt. 2018 03:09

EUR/USD: Awaiting new cycle resolution to play the next position 

Euro Fx/U.S. DollarFXCM

Beschreibung

In this chart, we present the 2 scenarios we are waiting to play out, in order to engage in new buy/sell-side action in the pair.

At the moment, the market has re-entered into a new range, which makes trading the current dynamics not ideal.

Wait for a breakout of either the swing high or low and look to engage on a retracement.

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