Mihai_Iacob

EurUsd could break support

Short
FX:EURUSD   Euro / U.S. Dollar
For a week now, EurUsd is consolidating in a 100 pips range between 1.0050 and 0.9950.
Looking closely at price action we can see that rallies are sold and with the pair back near support we can have a break.
Such a break could lead to a new low and the measured target for this drop is around 0.9850.

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