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Today we see the Euro opening up right on top of its prior day range highs where the buyers and sellers NEED to find out who owns the market to proceed forward. The buyers completely failed to hold the highs and made way for sellers to dump the market right back down.
This move down is now likely looking for range objectives below meaning, in this case, the PLOD is the objective and to stay away from buy side trades as much as possible prior to that area being tested!
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