Since EURUSD is trading near the 0.618 level, I expect consolidation and bounce in short term. We do not have a good R:R ratio to continuously short from the current price level. Bears are likely to close their positions.
Key support: 0.96
Key resistance: 1.05
Key support: 0.96
Key resistance: 1.05
Trade closed: target reached
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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.