Looks like the EURUSD is not going to be shorting for two-three days as it needs to retrace as it's sitting at a pretty "bouncy" support line, plus it just hit the 200 MA on the weekly timeframe. The goals for the short-term long sit at the 0.382 and 0.618 FIB retracement, if it goes beyond that, of course in the long term it's going to continue growing, but I...
Plus overbought. Possible retracement to closest resistance @ 1.2946.
The release of the UK's budget and the USA CPI tomorrow could make the fall steeper or reverse it, so trade with caution.
