EUR/USD trading below a major resistance level and after pulling back to the broken trendline, we're seeing a scenario for short-term chop consolidation before potentially resuming the bearish move toward lower lows .
As long as price stays beneath the 1.1700 resistance level, the bearish bias remains intact.
As long as price stays beneath the 1.1700 resistance level, the bearish bias remains intact.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.