dlifestyletrader

EURUSD: 1st Wave of Retracement Completed and Awaiting the 2nd

Long
FX:EURUSD   Euro / U.S. Dollar
The day ended with the 1st wave of retracement completed.
The consolidation before the 2nd wave of retracement has just begun and will take a while more until the Euro session later.
The price is most likely to retrace towards the 1.1170 - 1.1160 region just right above the breakout point of the previous falling trendline.

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