Elliot_Myers

EUR/USD Enters Consolidation - Downside Most Probable

FX:EURUSD   Euro Fx/U.S. Dollar
Price action is currently in previous structure (blue box) on approach to test the 61.8 and 76.4 fib levels where a correction is still possible.

Both blue boxes which indicate past structure align with the key fib retracement levels for an entry long. Price action breaking these levels indicates a clean short entry down to 1.12151 and then onto the next weekly support at 1.11448.

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