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YourLazyTrader

Is EUR/USD about to go back below 1.08?

Euro / U.S. Dollar (FX:EURUSD)  
YourLazyTrader Updated   
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis XAUUSD xauusdshort xauusdanalysis xauusdupdates xauusdsignal xauusdforecast
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trendanalysis chartpattern beyondta xauusd xauusdshort xauusdanalysis xauusdupdates xauusdsignal xauusdforecast
Dear traders, in my previous EUR/USD ideas I recommended you
to buy with initial target at 1.0970. As you can see, price reached
my buy target last week.

Currently, EUR/USD has pulled back from the broken support possibly
turned resistance level as indicated in the chart. We are also seeing
the formation of a long-legged doji in the daily chart.

So, a culmination of the above two factors indicate the EUR/USD may drop
further towards 1.08 as long as the key level at 1.0970 remains unbroken
Comment:
Markets appear to be a bit slow today. Will probably catch up pace by mid week
Comment:
The bearish setup will be validated if price goes to at least 1.09
Comment:
snapshot
This might happen
Comment:

Related Ideas

YourLazyTrader
EUR/USD breaks resistance, 1.0972 next?
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