Pip.Gawd

EU - Retracement before further downslide

Long
FOREXCOM:EURUSD   Euro / U.S. Dollar
Expecting this pair to retrace for a short period of time until it gets back into the 1.1730 area, where I am expecting the pair to then turnaround and continue its downward path, keeping the head and shoulders pattern on the daily still in play. Retail sentiment is also ripe for a short term long position as well. Be aware of heavy USD news this week with FOMC on Wednesday and NFP on Friday.

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