asferruzzi
Short

EURUSD Sellers taking control

FX:EURUSD   Euro Fx/U.S. Dollar
59 0 2
Clear daily downtrend, price approaching major previous support area. Price has retraced nicely and formed two consecutive pin bars indicating buyers have been rejected twice, overall momentum is down and price retraced to the 50% Fibonacci level. My biased is a further downward move however I am cautious of the major support area near my target so I'll be watching carefully on lower time frames.
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