FX:EURUSD   Euro / U.S. Dollar
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1M
EMA has been retested followed by a huge bearish engulfing .

1W
Last week’s candle rejected both EMA’s, followed by this week we have spiked up to the EMA and rejected again.

1D
Todays close has engulfed 5 days candles, whilst closing below the downwards facing EMA . Price is now trading back below the bearish trend line , also preferred FIB level has been tested.

4H
Price has pulled back and tested the EMA , leaving behind a wick rejection.
Trade closed: target reached: Target reached

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