EURUSD had a sharp and quick rebound off the 61.8 fib level, but not enough to break the upper channel. I'm still waiting for a long opportunity because as you can see even if PA breaks to the downside, there isn't a lot of room for it to go before hitting a major support area. We also see an inverted hammer followed by an engulfing candle signaling more upside movement. Waiting to see...
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