EUR/USD is at a minor resistance level on the daily timeframe, and a retracement is expected toward the golden ratio of the Fibonacci retracement before the next bullish leg. A short position can be considered upon the breakout of the last higher low on the 4H timeframe.
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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.