The EURUSD sold off as expected and posted earlier on the “What I See” post but found profit taking buyers at the 1.3828 previous support.
We could be building a nice bear flag?? The 1.3897 level should hold the upside if it is going to continue down.
This level will be watched on the upside as an intraday resistance level. After a trend like move a consolidation and test of the moving average often occurs.
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