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Updated Oct 28. Downward Risk from Resistance After Breakout The current EUR/USD chart shows that the price trend is showing signs of returning to the resistance zone after just breaking a downtrend line. Currently, the resistance zone around 1.0820–1.0850 may create strong selling pressure.
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Feb 28, 2024 · By using charting tools, traders can visually analyze the movement of prices over time, aiding in the identification of trends, momentum, volatility, and volume. This allows traders to develop successful trading strategies by understanding the underlying patterns and behaviors of the market.