Lingrid | EURUSD Bearish Momentum Persists. Short

2 days ago

EURUSD dropped after the news was released and is now pulling back toward the resistance zone. The price is slowing down and forming rejection candles, indicating a potential reversal at this resistance zone. On the 1H chart, the price is showing an ABCD pullback pattern. Given the bearish sentiment, I believe the market might continue to move downward. I expect a pullback to the resistance zone around 1.04300 before the bearish trend resumes. My goal is support zone around 1.03260

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