EURUSD just had a reversal last week and now is in the bearish trend. The price broke below the wedge and nowmoving down. The price now below the 21MA of h4 tf. The first price target is at 1.34 of the end of wave b in HEW and the second target is at the start of the wedge of 1.3255 and it should be achieved very fast. Support level is at 1.35 and 1.342. The resistance level is at 1.3760.
EURUSD had a big bearish candle forming a breakaway formation indicating the trend reversal. The daily support is at 1.3420 and resistance is at 1.3758.
By The Backyard Burner
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