Since beginning of March we have seen bullish price action on EURUSD and price steadily went higher from 1.05 to 1.09. However, this week we have seen sellers taking down this pair with momentum and the pair dropped 250 pips in a span of 5 days. This bearish momentum hint a start of bearish trend and we could see retest of last year lows at 1.0340 level or even parity level.

However, I am expecting some retracement in coming days to get more sellers on board and taking out weak hands on both sides.

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