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Hello Price Action Traders.

Eur/Usd

The forex pair has retraced back to the upside in the last two days of the open market after last Wednesday, which price showed in the daily chart  a clear false bullish break. As long as the price remains below 1.3600 I expect a continuation of the down move started on October 28. If price will break up the 1.3600 the next resistance level is the 1.3650. Personally, I am short on the pair now.

Gbp/Usd

The forex pair is in a clear trading range on the daily chart.
As seen in my article a few days ago (link:http://www.hereforexinsider.com/forex-strategies-gpusd-on-support/) the price has rebounded after the false bearish break and now straining upward and attracted by the magnet area at 1.6200/1.6250.
The interesting thing may be to wait for short trading signals on this high band of laterality which is also a major key resistance zone so can offer some short opportunities.

 

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