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Spike Base Support, Trading EURUSD

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Spike Base Support, Trading EURUSD

As I work on more longer term stuff for this site, just some of the obvious rearing its head my way these days – this one on EUR/USD. Enough time has passed to say that this base is significant now (less “V” top risk) and likely act as support on the way lower.

Top line usually gets used first, though not always. Given the scenario the last time this level was used we bump up the probability scale for that level in particular, if and when this wants to retreat. I have more on the way but after fixing this site I certainly got my hands full. TBC…

eurusd spike support

-Steve

ParaCurve

ParaCurve

Since 2008, ParaCurve (formerly NBT) has been a provider of a wide range of articles geared towards a common sense approach to trading using fundamental market analysis in conjunction with globally identifiable technical levels. Steve is a 21 year trader, having formerly worked as a sell and buy side global macro analyst for several of the largest financial institutions in the world. You can follow us on Twitter or Facebook. Series and support at FXS Analytics.

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