During a market turnover the market usually retest or fills left over market gaps or imbalances before continuation. This would be a perfect time for EUR Buyers to get washed out before market decides to continue to the upside. This also would close the losing positions of the market makers shorts against the retail Investors and they would get better buy order before continuation of Q2 books for EUR/USD positions.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.