Hello Traders,
Here is the daily time frame EURUSD analysis.
Last week price has breakout the 1.100 key level. The downtrend will most likely continue but before the bearish momentum I believe there will be a pullback to 1.10 level again and give us a chance to ride the downside movement.
At 38.2% fib level (1.10) we will be looking for a confirmation of melting down.
First target will be 1.095 and second one will be 1.0855

Good luck!
Thank you for your support!
Forex42

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EURUSDeurusdshortSupport and ResistanceTechnical AnalysistradeTrend Analysis

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