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Is it time for a pullback on EURUSD?
Euro / U.S. Dollar
Is it time for a pullback on EURUSD?
By ForexTrendline
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May 16, 2022
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May 16, 2022
Today, we're expecting a test of the previous low and most probably a breakout as well which should take price around 1,0300.
Around those levels we could expect a pullback on the downfall that started at 1,1180.
That means we should look to close all of our short positions soon.
Once we form a confirmed low and we see reversal signals we could possibly start to look for long trades.
brealout
candlestickpattern
correction
EUR
pullback
reversal
short
signals
Supply and Demand
Support and Resistance
Trend Analysis
USD
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A pullback and another drop to 1,0300 on EURUSD
by ForexTrendline
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