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Forecast: Highly probable break of support at 1.0786 for a short

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Euro / Dollar AS (FX:EURUSD)  
Emekadavid  
FX:EURUSD   Euro / Dollar AS
Trend Analysis Chart Patterns Beyond Technical Analysis price-action-trading Technical Analysis Descending Triangle
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trendanalysis chartpattern beyondta price-action-trading technicalanalysis descendingtriangle
Price has touched that 1.0786 support about 4 times within three weeks. Therefore, the sellers have been testing the resolve of the buyers, showing the buyers are getting weaker each time. This reasoning is confirmed by the descending triangle that is forming at that support. So, it is highly probable that price will break that support when trading resumes next week. Look out for short opportunities on the short term.
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