Euro / U.S. Dollar

Short

EURUSD fail to break through 1.16 level - Short Opportunity

Updated

EU bulls are out of breath and failed to break through the critical level of 1.16. Price is most likely to retrace back to the downward trendline to retest it. After the FOMC minutes, demand for USD might increase during Asian session. Trade set up on chart.

Note

Price just broke through the 23.6% level, headed for 38.2% level. TP 1 is imminent.

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