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Weekly Analysis BTCUSD – 18 Nov 19

Weekly Analysis BTCUSD – 18 Nov 19

TECHNICAL ANALYSIS

So long as price breaks and closes beneath current support at around 8400, I believe we will see continuation down to the 8000 magnet number

FUNDAMENTAL ANALYSIS

Relatively quiet week ahead for the USD and it’s with that in mind I believe in bearish continuation with this pair. Path of least resistance is to the downside and FOMC is the only fundamental roadblock to be concerned with.

 

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