asferruzzi
Short

EURUSD Sellers taking control

FX:EURUSD   Euro Fx/U.S. Dollar
64 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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