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When you see an extreme in either or both, you trade against these extremes - this is known as contrarian trading. E.g. If 70 of traders and trading volume are long, you could be looking to enter a trade. Read on to find out more.

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Any moves lower will shift the Euro in deep negative territory with further losses likely. On the upside, immediate resistance lies around 1.2240 with offers increasing in strength above it and lined up to the strong resistance mark of 1.2315 with any gains expected to.


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