Check on recency bias : EURUSD

FX:EURUSD   Euro / U.S. Dollar

Chart shows key support levels

It has reversed after making 52W high

Strength built up during Nov and Dec start has become weaker than Neutral level

Fall probability is higher as long it stay below red-dot-line, Short can be entered near red-dot-line, to target green-dot-line level

It may further go down and test low near pink-dot-line level, where bounce is expected.

If pink-dot-line level is broken on weekly closing, next lower target is 2nd pink-dot-line.

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