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Understanding forex basics: Resistance and support

Support and resistance explained One of the most foundational aspects of technical analysis is support and resistance levels. These levels are key as they offer traders obvious places to limit and define their risk. There also represent places that price should not go if a trader has correctly analyzed their trade.

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Dollar on the back foot in holiday-stricken trading

Bruised dollar gets no help over the weekend ForexLive Japanese and German banks are off for today but that’s not the only reason why trading today will be mired by thin liquidity conditions. It’s also Christmas Eve! While it’s not an official holiday in most parts of the world, plenty of market participants are already…