If EURUSD could make it to the 50% retracement of the current swing, testing the 50 Moving Average, it could possibly be an outside return of the major downtrend. It could be a nice area to go short.
Comments
Ryan_Tyler
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Agree with you here. But EU not so strong to get that retracement. May reach 1.32 before 1.35
Lazly_Antony
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Yeah..EURUSD is experiencing severe downward pressure.