On macro perspective EU is bearish as we see a break of an asccending trendline on monthly time frame and price is currently sitting at a significant area of monthly sensitivity zone/monthly OB zone which signifies a possible start of a pullback upto 1.09000/1.10900 zone b4 seeing significant sellers taking over
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Disclaimer
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.