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EURUSD Sell Signals Point to Lower Prices – 14th December 2016

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By in Forex Trading Commentary Last updated on | One Comment

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EURUSD – Euro/dollar bearish momentum continues

Following our weekly market commentary this week, in which we discussed looking to sell the EURUSD on any strength, we can see in the charts below that the market broke lower today after a brief retrace higher early this week. Clearly, bears are very much in control of the EURUSD right now and it has potential to move even lower, perhaps into parity. We have been short biased and been advising members to sell on strength and we are still committed to that same view. Traders can watch any retraces higher / strength for selling opportunities to get short and trade in-line with this very weak market.

EURUSD weekly chart –

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About Nial Fuller

is a Professional Trader & Author who is considered ‘The Authority’ on Price Action Trading. He has a monthly readership of 250,000+ traders and has taught 20,000+ students since 2008. In 2016, Nial won the Million Dollar Trader Competition. Checkout Nial's Professional Trading Course here.
  1. lilele March 20, 2017 at 12:06 am

    It is amazing to work with professional trader like Sir Nial Fuller do learn a lot everyday


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