Here is an update on the EUR/USD RECAP: (Previous Analysis)
In our previous analysis EUR/USD was trading @ 1.19150 We were bearish on the pair and expected the pair to test support @ 1.18600 And that's exactly what happened and the pair broke below the support We managed to bank 400 pips over 20 positions on this pair from our Sell Stop from our previous analysis.
WHAT TO EXPECT:
Currently @ 1.18300 EUR/USD is still bearish and might test the 1.17 level But the pair might retrace back to 1.19 before continuing its downtrend This is due to a bullish DXY.
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