supportandresistance
trendanalysis
trendline
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The EUR/USD has been consistently moving within a bearish channel for the past 17 years. This indicates a long-term trend where the value of it has been steadily declining. Recently, this month, the pair reached the upper boundary of this channel—a resistance level. Based on the historical pattern within this bearish channel, I anticipate that the currency pair...
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As you can see, simple trendlines and support & resistance clearly show price will drop. The higher timeframes show this as well
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