Clearly, the eurozone has been significantly bearish, here we do have a very clear and perfect setup that clearly distinguishes that price could potentially spike towards our key pocket of 61.8% Fibonacci retracement region in confluence with the trendline and moving average before potentially making a new low to around the new key low of 1.0800.. what could invalidate the position is a weakening of the dollar and euro breaking that trendline.
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