Looking at the chart below, we can see that EURUSD 4 times visited 1.0500 area. If she could break it, who know how low can she go? Parity? Currently EURUSD is in consolidation at 1.0500 - 1.0700 range. Best move for short term trading is to trade this range. Break 1.0700 could change the down trend.
Looking at weekly EURUSD chart we can see that 1.0500 is significant support area. We can expect significant retracement or possible trend reversal. Will looking for buying opportunity at this area.
Sendhiko 
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