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Looking at the euro/us done-hour chart and just doing a quick look at the levels and a little of a review on the 21 EMA on the one-hour chart so come to today's Friday, and it's the close of the trading week, so most of the week started off and move sideways then drop move back up to test a trend line those two points connected through and then turn it above it and then broke back down below it and moved past this support level around 130-2 976 and further down it has dropped almost down to the support level 130 2050, so now there was an impulsive move down from 134 50 with a retraced back up to 130 4068 something like that which terminated around the 60 184 Fibonacci replacement then price came down back below the 21 EMA and broke through the 132 976 EMA and when price came down to the 132 976 there were suggestions that this level was not going to hold first you had a move down then price went back up and retrace to the 60 18 level where it held, so we could see some strength at 618 which is the one 3392 price and price came back below the 21 EMA and when it bounced off twice came up to the 60 18 came down a bit bounced back up to the 60 18 when it came back below which is from this point all of this it looked bearish there was no suggestion that price was going to the buyers are coming in and defending price to the upside, so you could see that came down here to this support and rallied back up, but it was a false rally because this needed to take out this level here, and it didn't even get to that level even if I wanted to move that level down to on the 60 60 18 it just didn't break the 60 18 level, so it's better if I leave this up here she'll never get up to that show that the 16 18 level held and then come back below the 21 and yes over here it showed that it never touched the 132 976 and that maybe that was going to hold and price me slowly went up, but that would have been as that is a signal to say look for long trades and the entry would have been if and when price breaks to the other side of the 21 EMA, and it did not it did not so that suggests that the price levels were heavily defended by sellers they liked that price, and they just kept moving price further down now the prices come in and looks like now it's putting in a one first bottom here put in a second bottom hair and a third bottom here, and it's still below the 21 EMA so like I said over here the 21 EMA is suggesting prices tilted the downside, but the slope of the 21 EMA is different from what it was over here was more sharp suggesting still further done whereas over here it's flattened note and then on top of that I could come in and draw in a Fibonacci extension this was a 618 retrace the slag, so now I can the Fibonacci 1618 extension is a little more reliable, so I'll just take this off and try it in, so I go from the top down to the bottom and all the way back up to the top, and we can see that it extends 1 27 14 14 16 18 and where does it extend to we can see price...
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