EURUSD is in a strong downtrend and has lost some very important support on the weekly time frame. In the lower time frame, the price has returned from the Fibonacci level of 0.618 and if it range below the support, the downward path continues to the specified area.
Note
I still think there is no volume in the market and I expect further declines
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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.