Ice_
Short

What is Euro thinking?

FX:EURUSD   Euro Fx/U.S. Dollar
We are in a similar posiition here, we just left a bullish engulf from a harmonic pattern , but it lost strength fast, and unlike it's friend AUDUSD             , it didn't show any sign of early recoveries on the other indicators. If a breakout below happens, you should expect a 4H/D downtrend confirmation, and break the D/W/M major support. Still, it's a risky trade, make your stop losses tight.
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