EURUSD is extending the downside
On the EURUSD daily chart, we can see that the pair is below the 1.3000 level and is testing the strong downside long-term resistance 1.12500 level. Downside should accelerate on a daily close below the 1.12500 level and we could see an extension into 1.11000 level. The downside continuation will be invalidated only in the case of a daily close above the 1.13500 level.
Note: look for the short trade entries with the stop loss above 1.13500 level near today daily close or Sunday opening it the pair is below the invalidation level.
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