EUR/USD:SELL From 50% and 61.8% FIBO ZONE Resistance Level SHORT

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The EUR/USD continues in strong retracement and in the last hours the price it's inside the Fibonacci levels of 50% and 61.8% where the presence of the 20 and 50 Moving averages can work like a dynamic resistance. The Static resistance of 0.9950 can be another obstacle for the price to have a deeper pullback. Our forecast remains for a Sell scenario.
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EURUSDTrend Analysis

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