Retest and continue to decline as USD has a lot of support

🔔🔔🔔EUR/USD news:

➡️ The EUR/USD pair extended its decline on Thursday, dropping to 1.1230—its lowest level in several weeks—as demand for the U.S. dollar remained strong. The greenback was bolstered by better-than-expected labor market data, a cautious tone from the Federal Reserve, and renewed optimism surrounding a potential UK-U.S. trade agreement.

Personal opinion:
➡️ In the short term, EUR/USD will continue to be under pressure from the above information, and wait for positive news about the EU-US negotiations so that EUR can create momentum to increase.

➡️ However, EUR/USD is oversold and so we should wait for a technical pullback to sell at a good price

➡️ Analyze based on important resistance - support and Fibonacci levels combined with trend lines to come up with a suitable strategy

Plan:
🔆Price Zone Setup:

👉Sell EUR/USD 1.1250 - 1.1260
❌SL: 1.1300 | ✅TP: 1.1205

FM wishes you a successful trading day 💰💰💰