YourLazyTrader

EURUSD hourly chart analysis, price may drop again

Short
FX:EURUSD   Euro / U.S. Dollar
EURUSD is facing some resistance at the 100H EMA. If price doesn't break the 1.1850 level, then it is likely that the downtrend will resume.
EURUSD may drop to 1.1750 and even 1.1710 if the downtrend begins again.

Look at the area that I have highlighted in the chart. This area is important to determine the future movement of this pair.
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