EURUSD: Short Entry Sought on Bounce
Strategy: Pending Short
The EURUSD selloff that began late last week is seemingly back underway, with prices dropping through support at the 38.2% Fibonacci retracement of the 2/14-5/4 advance (1.4359) to stall just ahead of the 50% level at 1.4180. Current positioning is not attractive to enter short however with the pair so close to support and we will look for either a bounce or a close below the 50% Fib to look for selling opportunities.
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