EUR/USD: Fresh cycle low, selling confluence
Post ECB, the market came into a major confluence: Support-turned-resistance, 50% fib retrac, 3rd touch of a trendline.
New cycle low confirmed by price accepting below previous low.
The next downside target is found at 1.1287, which allows for further room to remain a seller on strength as per the market structure.
New cycle low confirmed by price accepting below previous low.
The next downside target is found at 1.1287, which allows for further room to remain a seller on strength as per the market structure.
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