$EURUSD Forex Signal: Short-Term Bullish Retracement from $1.0900 Area forexsignals fxsignals TradingSignals forextrading
of March that we were seeing a weakly bullish short-term consolidation above the support level at $1.1012, but it was far from clear what direction the price would take over the day. I thought that a long scalp trade between $1.1000 and $1.1012 might be a good opportunity, but this did not set up.
Over the past couple of weeks, we have continued to see typically deep bullish retracements within a long-term bearish trend which eventually keep reasserting itself. If the price can make a daily close below $1.0854, it will be making a new bearish breakdown to multi-month lows which would be a bearish sign.a bullish rounding near $1.0900 which is pushing the price back up towards the nearby resistance levels. The question is how far this retracement will run.
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