EUR/USD:
the market has moved lower after we formed what we call a bearish Dark Cloud Cover candlestick. We have found strong support near the cluster area of 1.2885 to 1.2902. A break from here can test the underside of a rising trend line. This trend line begins from the November 13 low at 1.3060. Above that can test the top of the falling channel at 1.3093 today.
A move lower can test the 38.2% retracement level at 1.2737.
DISCLOSURE AND DISCLAIMER: The Above Is For Informational Purposes Only And Not To Be Construed As Specific Trading Advice. Responsibility For Trade Decisions Is Solely With The Reader.
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