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Jim Wyckoff

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Euro currency trapped in trading range

September 16, 2020 by Jim Wyckoff

The Euro currency futures market has seen its price uptrend stall out and turn into a sideways and choppy trading affair at higher levels. Bulls still have the overall near-term technical advantage. The next bigger  directional price move is likely to be in the direction in which prices push above the resistance line or below the support line seen on the daily chart. Such would be an important price “breakout” from the trading range. Stay tuned!– Jim

Filed Under: Blog News, Jim's Morning Report, Uncategorized

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There is a risk of financial loss in futures and options trading. Futures trading is neither easy nor an easy way to make money. It takes hard work to have success. Please use sound money management when trading futures. Past performance is not necessarily indicative of future results. Nothing on this website is intended to be a trading recommendation to buy or sell futures or options. All information has been obtained from sources believed to be reliable, but accuracy is not guaranteed. Readers are solely responsible for how they use the information on this website.

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