The EURUSD had a significant drop yesterday and now at the bottom of a daily rising trendline. A break of the trendline my indicate further down to 1.307. The support is 1.307 and 1.297 while resistance is at 1.318 and 1.325.
The EURUSD daily candlestick indicate the bearish sentiment after price break the inside bar. The market may continue its bearish sentiment and has the possibility to reach the 1.307 support area.
By The Backyard Burner
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