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EUR/USD - Structure Identification and Forecast

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Recently seen EURUSD reject 1.21. This is in line with a key psychological whole level and where price has previously bounced from, either as support or resistance.

The red line is a potential price path.

We are awaiting some hawkish fundamentals for the USD to act as a potential catalyst to break this structure and find bears entering the market.

Use channels to identify trend. Don't take trades purely off trendline bounces - they can be very subjective and very retail!

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