EURUSD is gaining momentum towards 1.4200 level but currently the RSI is getting very low so before targeting 1.4200 level, we might see a quick retracement towards 1.4450 level by EURUSD.
Generally long term traders will look to sell EURUSD on rise above 1.4400 level and if the retracement extends towards 1.4600 level, then we might see traders averaging their traders.
On the lower side, primarily 1.4200 level will be the focus point and once EURUSD manages to break below 1.4180 level, the next target will be below 1.4000 level.
Currently traders will let EURUSD either take some retrace or let it trade sideways range for a couple of days before entering the market.
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