ForexTrendline

Are we going to see a retracement on EURUSD

FX_IDC:EURUSD   Euro / U.S. Dollar
On Friday we had another fall on EURUSD

We expect a continuation down to 1,220 and then possibly a retracement.

We don't recommend short positions at current price levels. However, if you have any short positions already then make sure to move your SL and look for profits if there's another downside push.

Once we see a pullback to around 1,1400, we will be looking for new entries.

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