It looks like EURUSD will first go up for a retracement at the 50% Fibonacci Retracement ratio at 1.21560, and then will continue its downward trend again.
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Even on the weekly chart there is a strong resistance in the 1.21560 price range.
Note: This is just an idea from me, please compare it with your own analysis before opening a position. Thank you.
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Note: This is just an idea from me, please compare it with your own analysis before opening a position. Thank you.