EUR/USD 1W SHORT
Updated
Expect a drop the the 38.2% fibonacci retracement level by the week's end.
- channel highs on the weekly chart are followed by drops to the 38.2% retracement level
- EUR/USD was roughly at a channel high last week
Trade closed manually
The news of the fed's reduction of the interest rates reversed the trend, and the trade was closed for a loss.
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