Looking at the EUR vs USD first on the daily chart you will notice where this fall started. The pair has attempted 3 times to break the flat bottom Kumo @ 1.31840 level and failed thus causing the price to break beneath the 100 SMA which is the blue line on the chart. With that fall the pair could have found support at the fractal support level but this level was violated and the pair continues to fall. When price is below the Kumo the bias of the market is bearish and there is no reason to expe…
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