[EURUSD] Pullback Expected
EURUSD saw a clean rejection from our previous support, and currently is moving upwards to potentially retest our descending trendline. Furthermore, the 0.618 Fib retracement also corresponds well with our preferred entry point, providing us with more technical analysis elements to confidently take our short trade!
Depending on the next few hours of price action, the 0.5 fib level could also be considered a good entry point.
Depending on the next few hours of price action, the 0.5 fib level could also be considered a good entry point.
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