Hello Naked Traders.
The pair analyzed yesterday here on the blog today shows a PRICE ACTION LONG SIGNAL that can be used for trading. In fact, a clear rejection candle is formed in the support area and closed slightly above 1.2950 support and in the intraday session price went to test almost the 1.2900 area. At this point I would say that the trigger point of this possible deal can be placed only on the bullish breakout of 1 .3000. If price remain and stay in 1.2950 or below we may see a strong jolt downward toward 1.2800 zone.
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