Hello traders! ‼️ This is my perspective on EURUSD.
Technical analysis: Here I still looking for shorts position and expect price to continue the retracement to fulfill that huge imbalance and then to reject from bearish order block where I will look for a confirmation on lower timeframe.
Fundamental analysis: On Wednesday 22nd of March we have news events on USD. Federal Reserve of USA planned to raise interest rate by 0.25%, also we have FOMC Press Conference the same day. The raise of interest rate means strength of currency this could support our bearish price action.
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