EURUSD: Waiting for the 4h MA50 to act.

The EURUSD pair has made a top on the 4h Channel Up and is approaching the 4h MA50.

This is a very important level as when it broke during November's rise, it initiated the Channel's correction to the bottom and the 0.618 Fibonacci level.

Sell if broken and target 1.0900.

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Chart PatternsEUREURUSDForexHarmonic PatternsTrend AnalysisUSD

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