EUR/USD:Price still in downtrend , some Resistance Ahead | Short
Yesterday after The CPI news the price for EURO jumped high gaining some pips and moved inside the Fibonacci area between 50 and 61.8% in confluence with a critical resistance area and the Dynamic trendline. The price is still under the 50 Moving average which is very close, this one can work like resistance for the price. The Overbought of the stochastic can be a clue for a reversal of the price. What do you think about it?
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