EURUSD GATHERING MOMENTUM FOR A RALLY ON H4

EURUSD pair is likely gathering momentum to begin a short-term rally on H4. With the daily close on Friday, I expect the pair to retest the swing low created on Friday (which may possibly drag to 1.10600 zone due to later news today). Ultimately, the pair is likely to reverse, break the trendline to commence uptrend towards 1.18000 zone and possibly 1.12400.

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