EURUSD Medium Term, What's next??

FOREXCOM:EURUSD   Euro / U.S. Dollar
EURUSD finally tested the monthly downtrend line and almost reached 38.2% fib retracement area. Current price action is stalling near the previous support zone . Higher timeframes are indicating a potential reversal is likely to be playing soon. So for now I prefer to remain standaside until the picture gets clear for building short positions.
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