FX_Rhapsody

EURUSD Breakdown Analysis

Short
FX:EURUSD   Euro / U.S. Dollar
EURUSD is looking very bearish. I'm expecting a slight push up to the 62% / 70.5% Fibonacci retracement area before selling off more, but I will keep an close eye on EUR. If it breaks above the current resistance, price might push higher before continuing downwards. drill down to lower timeframes to look for sell entries. COT reports shows a small amount of longs being placed for EUR but a Huge chuck of sell orders.
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