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A EURUSD Range Trade With A Breakout Contingency

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11-15-08, 06:41 AM

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A EURUSD Range Trade With A Breakout Contingency

For a setup, EURUSD's descending wedge offers a clear congestion trade (that could setup up a profitable breakout position under the right circumstances). Resistance is predominately in a falling trend line from Oct 1st (with five tests), but has a solid base in a nearby fib at 1.2280. Main support...

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