The EURUSD had a 50% retracement for the big drop. The market is now testing the 100MA for h4 tf. The support level is at 1.309 and the intermediate resistance level is at 1.3150 followed by 1.318.
The EURUSD yesterday show a big bullish candle. The pair is now retesting the rising daily trendline that had been broken. The pair is also just below the 21MA.
By The Backyard Burner
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