The pair has reached 1.1370 level which back in 2003 was a major support level.

What's next?

First, a mild and short lived rebound as EUR\USD is extremely oversold(RSI 16). I see a resistance at 1.1420 & 1.1460 but in my opinion it will be only as high as 1.1420 level

Once the pull back is completed the next target for the pair is 1.1290 area. I'm quite optimistic that we'll reach that next week.

Hope you all made millions today
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