EURUSD to test major demand level 1.112

FX:EURUSD   Euro / U.S. Dollar
Market structure was broken yesterday on the daily time frame. It is clear on the 4 hour time frame to see a double top formation at the 1.127 level. We saw the pair plummet down to the 1.122 which is a well respected support and resistance zone. A clear break straight through this level and retest has now occurred. Take profit set at the 1.112 level which is a major demand zone respected on the daily.

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