FX:EURUSD   Euro / U.S. Dollar
32 0 2
Monthly long upper and lower shadows on bearish candle, weekly hammer candle.

Trading below the 8MA 20MA and 200MA on all timeframes - downtrend,

On the daily chart above, MA crossover, technical retracement (market breather and profit taking) to 50% fib level and key level 1.1 round number resistance, daily has closed below 1.1.

A break below the bullish counter trend line will see a move down to 1.0750. A daily close above 1.1 will see a move to 1.1130. Downside favoured.
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