We observed a triple pincer on daily chart and signifies EUR/USD is strongly resisted at this level (1.3660).
Yesterday is a free fall market, EUR/USD lost 160 pips and formed a bearish candle.
This morning the market is rather quiet, as usual, while we are closer and closer to Euro open, I reckon market to make a pull back, resisted, and continue trading down.
Weekly target is 1.2930.
Would the pull back make EUR/USD return to 1.3335?? I don't know, aggressive trader can enter and short at 1.3230, SL 50 pips, TG 150 pips.
Probably the EU will turn and go up, since there has an engulf pattern on the bottom. Good place to who take trades countertrend.
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