PristineTrading
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Two weeks ago we wrote about the EUR/USD, the trend, and significant levels of both support and resistance.
This week we are going to take a look at the daily and just update some of the information. From a longer term perspective, not much has changed so there is no need to look at those timeframes- the prior analysis is still relevant.
As you can see the EUR/USD has remained weak as expected based on the strong downtrend that has been in place. The key resistance levels are noted on the chart above. Currently the EUR/USD is testing the prior low made in early November. While the reaction to the prior low is expected, it is also expected that price will move through it in the coming days/weeks.
Pristine Capital Holdings, Inc.
This week we are going to take a look at the daily and just update some of the information. From a longer term perspective, not much has changed so there is no need to look at those timeframes- the prior analysis is still relevant.
As you can see the EUR/USD has remained weak as expected based on the strong downtrend that has been in place. The key resistance levels are noted on the chart above. Currently the EUR/USD is testing the prior low made in early November. While the reaction to the prior low is expected, it is also expected that price will move through it in the coming days/weeks.
Pristine Capital Holdings, Inc.
