Forex Trading: EURUSD Pausing Near Key Support. Tension.
The pair has moved down and in NY but has started to find support against the 200 hour and 50% of the weeks range. The last dip down stopped at 1.3173 increasing the importance of the level. On the topside, the 38.2% of the move down in NY comes in at the 1.32049 level and this price will be eyed closely by market traders on a test.
I feel a tension in the market and it seems another move is forthcoming.
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