Forex technical analysis: EURUSD rotates toward broken trend line

Technical Analysis

Author: Greg Michalowski | eurusd

Sees some corrective rotation

The EURUSD has rotated lower after the surge higher. The pair is down testing the broken trend line on the 4- hour chart. That level comes in at 1.1326. 



 A move back below is needed to show the sellers are taking back some control.  Risk defining level for dip buyers (stop below 1.1317 (50% of the last trend leg higher).




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