EUR/USD waiting for LONG entry but expect retracement first. Long

Euro Fx/U.S. DollarFXCM

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⋅ May 8, 2016 9:36 PM

My view is that we might see the E/U breakout soon to the upside but since we had some strong rejection last week I expect a (last) move down first.

Once we reach the 50EMA Level I will look for LONG entries on the 1H timeframe