EURUSD consolidation for the continuation

EURUSD facing the strong downside support

 

EURUSD is testing the 1.0600 a previously strong downside resistance and now downside support. A break below 1.0400 will lead to another test of the critical 1.03400 for the downside extension to parity and beyond. We are expecting the final swing lower before any meaningful bounce.

Note: look for the short trade entries with the stop loss above 1.0600

 

 

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