Euro / U.S. Dollar
Short

DeGRAM | EURUSD fibo retracement 50%

560
EURUSD is moving in a descending channel. It bounced off the support following the double bottom.

The market is in a bearish trend, so there is a kill zone near the 50% fibo retracement.

On the daily timeframe, we have a red candlestick indicating bearish dominance.

We expect a rebound from the kill zone.


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