EURUSD Daily: As stated in previous analysis we had to be cautious of descending trendline. Yesterday price rejected heavily off trendline and closed as a bearish engulfing candle. Also stated that daily order block was filled with great number of sellers which will push the market lower. Next target 1.1326 4hr support.
EURUSD 4hr: New low was formed at 1.1350. Expect price to now pullback to yellow area + 0.5 fib level before sell to 1.1326. Again, we need to be cautious of ascending trendline.
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