The pair is approaching a major resistance level off 1.18387, this has caused a lot of volatility in this pair previously and I am personally thinking that there will be at least a 50 pip drop when it hits this level.
EUR/USD has retested and held above daily support and is now approaching a key weekly level. This ABCD fib is still in play and dollar is continuing to weaken. Our bias remains long so we will look for long entries up until this level.
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