so many traders are struggling with the identification of the next pivot point for the pair. and indeed: just during the last two weeks, at least 4 key levels were easily broken to the upside without any hesitation.
on Friday the pair has reached an important historical area of resistance and the market closed with a strong rejection confirming the significance of the underlined area.
based on that, next week EURUSD may retrace lower at least to 1.122 - first strong support.
take this into consideration and adjust your trading plan accordingly!
have a great weekend!
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