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Together, those two currencies are called a currency pair, and are usually represented as two three-letter currency abbreviations. For example, consider the currency pair EUR/USD. In this example, the first currency, the Euro (EUR is called the Base Currency and the second, the US Dollar.

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Because of the trend line break, a stop under the 38.2 support would have been wide enough so that if the breakout was legitimate, any pullbacks should be shallow. I always give the stop some room under the Fibonacci level because others are also watching.

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