The Eurusd is coming off hard following Wednesday’s relatively hawkish FOMC.
The euro is plunging below the 1.2000 level today, so we’ll have to wait and see where it closes at 5 pm EST.
A weekly close below 1.2000 would likely flip the level to resistance.
Another scenario I’m keeping a close eye on is the potential Bearish Reversal pattern since last August.
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