Medium term bears continue to sell EURUSD



EURUSD continues to trade with a heavy tone after taking out the 1:1 (Yellow), the market gaped through the 61.8 on Monday and after retesting this level the market has continued to sell off. The next major level to watch is the 1:1 (Blue) and 78.6 fibo that coincide at 1.30100, this level should attracted the attention of the bulls.



The medium term bears continue to see further downside in this market with the 1:1 (Blue) and 38.2 fibo attracting plenty of attention from the bears.

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