EURUSD is in a strong downtrend but is currently consolidating on the monthly support.
The double bottom pattern and RSI bullish divergence on H4 suggest a short-term retracement.
A break above today's high will rally the price towards 1.07 which is the monthly pivot/50% fib retracement.
The double bottom pattern and RSI bullish divergence on H4 suggest a short-term retracement.
A break above today's high will rally the price towards 1.07 which is the monthly pivot/50% fib retracement.
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