EURUSD took a good extended dip during this week and the momentum seems to run into next week as well. Although the RSI is on getting very low but EURUSD seems to managing quite nicely by taking retracements which also is providing traders with opportunities.
Keeping the current moment into mind, we might see EURUSD taking retrace from here towards 1.3600 level and then resume its downwards trend. The next target for EURUSD seems around 1.3325 level.
On the upper side if EURUSD breaks above 1.3600 level, then we will be looking EURUSD targeting 1.3780 level but the current scenario suggests that mostly traders will be looking to sell EURUSD at the moment.
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