This is the current week EURUSD outlook. My Bias is SELL for the short term.
Wait for the price to break the trend line and give Bearish signal. The first level of Support can be .38 Fib retracement level May last week Up move. At this level we observe further for price bounce or go further down.
Another point to notice is that H&S is in progress on 1H. Hence, please watch out for it as well.
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Disclaimer: This is just an idea. Please do your own analysis before opening a position.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.