Elliot_Myers
Short

EURO/USD Monday Retracement Set Up

FX:EURUSD   Euro Fx/U.S. Dollar
Price hit resistance at the top end of the 1.14 range where historically gains to the upside have been sort lived and unable to hold.

A retracement down to the 50% fib level where price will likely consolidate pending the FOMC minutes that'll shed a lot more light on the dovish tone set by Yellen last week is the likely outcome for Monday - Tuesday as bulls can correct price upwards afterwards.

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