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EURUSD Bearish Bias Remains, Crude Oil Approaching Support, 24th October 2014

The EURUSD gained back slight ground today but ended lower for the week after rotating down from 1.2855 resistance earlier this week as we discussed in our October 21st commentary. Crude Oil – Crude Oil approaching long-term key support. The Crude Oil market continues to lose ground but it’s approaching a key long-term support zone between about 75.00 – 77.00. If price gets down into that support zone soon, we will watch closely for a daily chart price action buy signal for a potential buying opportunity as we can see this market is in a large trading range and 75.00 – 77.00 is the support of that range.

Reblogged 4 years ago from www.learntotradethemarket.com

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