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Nial Fuller
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Nial Fuller is an Australian, Independant Forex and Futures Traders who has mastered the art of 'Price Action Trading' and applies his simplistic methods to the Forex Market and Stock Index Futures. A career spanning nearly a decade, his strong passion for Financial Markets has fueld a... More
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  • Euro/Dollar False-Break Of Key Resistance 0 comments
    Apr 17, 2013 11:18 PM

    The EURUSD reversed all it's gains from Tuesday today as the market fell significantly lower and created a false-break of 1.3125 resistance in the process. This false-break and failure to continue higher above resistance changes the dynamics in this market and we are now more neutral on this market. If price stays contained below 1.3125 we could see more downside in the coming days. Near-term support is seen around 1.2960 and if the market breaks through that level we could see more losses into key support down around 1.2750.


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