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EURUSD Probabilities Of Retracement

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It can be a retracement finally after a long swing upward couple of days past due to the US under pressure from Covid-19. This might be changing positively slowly as the representative of the state is focusing on the comeback against the pandemic and they have already run much stimulus program for their economy prevention. Can't say it may be fully reversal but there could be some side effect on the currency after they have taken some control over the outbreak which may temporarily change the market sentiment.

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EU falling comparing to DXY pickup (man I posted a comment out of it sorry lol)

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Retracement was perfect falling around 61.80% Fibonacci but I see dollar losing steam back again as it seems the trend lower wasn't overall reversal as expected due to struggling state at the moment from covid-19 which could take some weeks or even month to settle back normal.

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Fantastic Retracement on the fibonacci key level 61.80%! Brilliant trade yap!