Hello Price Action Traders.
The Euro shows no intention of stopping its decline after Draghi’s unpromising speech. EUR/USD bounced on the 1.35 area the last week and now the pair is trying to retest the lows. The 4 Hour chart shows an Inside Bar with a little real body. The Price Action signal might be good if we consider it as a continuation signal. If the price goes below the previous candle’s low, it may be a good opportunity to go short.
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