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This is a weekly EURUSD chart.
Looking at it, seems to be that the main trend a daily and weekly base is clearly Long, but, if we look at the prices, as my Price Based Method says, Euro is going to reverse from these levels. Yes, from area 1,0800-50 there could be a reversal of this very strong bullish trend.
WHY A REVERSAL? THE PRICE TELL ALL ABOUT THAT
The brown price, 1,0850 area (or just some pips more) was an important support on the long term for Euro, so it could be a strong resistance p…
Looking at it, seems to be that the main trend a daily and weekly base is clearly Long, but, if we look at the prices, as my Price Based Method says, Euro is going to reverse from these levels. Yes, from area 1,0800-50 there could be a reversal of this very strong bullish trend.
WHY A REVERSAL? THE PRICE TELL ALL ABOUT THAT
The brown price, 1,0850 area (or just some pips more) was an important support on the long term for Euro, so it could be a strong resistance p…