EURUSD: Preparing to Re-enter Short
Prices descended to rising trend line support set from the January 16 low after putting in a Bearish Engulfing candlestick pattern below resitance at 1.3460. The boundary is reinforced by the 38.2% Fibonacci retracement at 1.3156. I will look for a daily close below the latter level or a bounce to resistance at 1.3282, the 23.6% Fib, for selling opportunities.
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