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Key levels to watch on Euro currency pairs (plus an important trade review) 

Last Updated: July 31, 2019

By Rayner

I’m down with the flu as I’m writing this…

…But that hasn’t stopped me from doing my weekly market analysis.

Anyway, the focus is on Euro currency pairs as a few of them are approaching key resistance area. I want you to pay attention to these levels because these are high probability turning points.

Plus, I’ll share a trade review on with you. You’ll learn the exact thought process on why I took the trade, the precise entry & exit, trade management, and more.

So, go check out this week’s video (and get ready to short some Euros)…

I hope you’ve enjoyed this week’s market analysis.

If you’ve got any questions, don’t hesitate to let me know in the comments section below. Cheers!

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  • Hello Rayner, I am not very sure about the point when you said HTF trend against an area of resistance in the daily timeframe. Could you please explain again? Thank you!

  • Hi Rayner
    Thanks for sharing your analysis.
    Can you advise once you enter a trade using one hr timeframe do you continue to manage the trade on the same one hour timeframe or do you switch back to daily timeframe.
    Rgds
    William

  • Thanks for the great analysis on EUR. I have two questions:
    – do you take into account any news ( for example oil news which is influencing the CAD) or you just trade charts ?
    – on the EUR AUD I can argue that we could enter a short as the market seems exhausted on the upside. However we have not reached the previous resistance. How do you see this chart ?
    Thanks
    Gabanes

    • Hi Gabanes,

      I’m a technical trader and I don’t take into considerations fundamentals.

      To be honest, I went short earlier and got stopped out. Staying on the sidelines now…

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