A decline in EURUSD
EURUSD starts the new week with a gap of over 100 pips.
The US is set to impose tariffs on Canada, Mexico, and China.
The market reaction is a shift away from risk, leading to the sell-off of almost everything and a surge in USD buying.
This suggests that the bearish trend in EURUSD on the H4 timeframe will continue.
At the current levels, there are no favorable risk-reward ratios for selling.
Watch how the price reacts to the previous low and whether a correction occurs before the next drop.
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