The EUR/USD is still very much n a bullish structure and is now retesting the previous lows at the 1.2140 level which is also the 76.4% pullback of the last leg up.
We have also hit important short term bearish targets at 1.618 whilst printing a big bullish divergence at the lows.
Should the reversal pattern break price could rally to retest the previous lows around 1.2250 and if the DXY continues to dip from these levels we could see a retest of the highs around the 1.2350
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