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Why I’m Buying EUR/USD At 1.2200 Support This Week

Why I’m Buying EUR/USD At 1.2200 Support This Week

EUR/USD falls lower after reversing at key resistance

The EUR/USD rotated down from 1.2520 key resistance last week, consolidating into the week’s close. This market is still in an uptrend overall, but we are currently in a period of sideways / trading-range movement where price is oscillating between support and resistance, as seen below. Price is trading above key support near 1.2200 – 1.2160 still and we remain bullish whilst above that support this week. Traders can look for price action buy signals this week within or just above that 1.2200 – 1.2160 zone.

EUR/USD Daily Chart

Source: Learn To Trade The Market

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