FX_Rhapsody

EURUSD Breakdown Analysis

Long
FX:EURUSD   Euro / U.S. Dollar
Looking at EURUSD I would like to see price retracing to the 62% - 70.5% Fibonacci Retracement level. Once price gets to that zone, wait for buy confirmation. Expecting price to retrace up on the higher timeframes but again, need that confirmation. COT Reports shows a negative movement in Net Positions with lots of short being opened again the EUR.
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