Hi guys, the price on the EUR/USD has sold off heavily lower in the last few sessions.
As the attached daily and 4 hour charts show, price has also broken through multiple support levels when making this move lower.
The best play in the near term could be to look to trade inline with this momentum lower with any quick rotations back higher into value.
Price has just broken through the recent support level around 1.1691 and if we can see price move back into this level it could look to act as a new role reversal resistance level.
This could also be a level to look for potential short trades with the recent momentum lower.
PhoenixMan
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