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​Decline extended?

Decline extended?

This week the EUR/USD currency pair is again between two strong bounds: the 1.0550 resistance level and the 1.0460 support level. Until the gauge breaks through one of these levels, it is useless to trade following this trend, as the price will constantly send out false signals to open short positions, while near the upper bound, false signals to open long positions. Moving averages will not guide you in the right direction either, as medium prices in the trend do not get renewed.