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⋅ Hi there,
We are having ECB rate decision on Thursday. We are expecting some strength on the EURUSD.
EURUSD has a good potential for upside.
Lets come to the point.
How you can trade on this chart.
1. Current price and look for 1st impulse and go long and watch for the bearish trend breakout and add more on corrections.
or
2. Watch fo the price to hit the bottom and look for 1st impulse from bottom and look for buy close to the previous bottom.
NOTE : Sharp break below will invalidate this buy setup but we will look for buy again on EURUSD from previous low or new low.
Breakdown is possible so trade with care and trade after having the right price action on EURUSD.
Good Luck
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