My previous EUR/USD signal on 12th December was not triggered, as none of the key levels were reached that day.
December, I thought there was a valid bullish trend, giving potential long entry opportunities at the nearby support levels, but suggesting a bearish double top near the round number at $1.0600.
This was a good call for the day, as the price did rise to get near $1.0600 before falling back later in the day. My point about the long-term bullish trend was also well taken, as the price then went on to rise the next day, getting well established above a new clear support level at $1.0575. Interestingly, the price action above this level invalided some support and resistance levels, giving us a big gap with no levels between $1.0575 and $1.0760., with the price just going nowhere in the middle of that wide range.
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