Previously, we failed to see a strong BEARISH momentum for EURUSD. We managed to see a rejection off 61.8% fib level followed by a BEARISH movement which did break 100% fib level but not 161.8% fib level. As of now, I will be expecting a BEARISH continuation for EURUSD which I expect a clean rejection from 100% fib level, bringing price all the way to the 161.8% fib level. Also, there a resistance level at 1.1825 price level. Thus, we can see that there should be a decent BEARISH pressure on EURUSD as price move towards that area. Do keep a look out for a rejection at that level.
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