Medium term bears continue to sell EURUSD

EURUSD Daily

EUD

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.

EURUSD H1

EU1

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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