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EURUSD Pullback followed by new low
The downtrend has been well established with price continuing to make lower lows and lower highs. For this reason, we are expecting another pullback to a new lower high before expecting to see rejection sending price lower once again. Currently, the 1st area of resistance is the Monthly Pivot @ 1.167 with more resistance between there and the Monthly R1 @ 1.180. New structure lows will be a move to <= 1.152
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