EUR/USD technical analysis(16/08/2021)

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EUR/USD technical analysis(16/08/2021)
 
After a massive bearish move to the downside, a huge correctional move was needed. Now that the correctional move is ready, we will be looking forward to opening juicy short positions. The price needs to fill the imbalance first and grab some liquidity around the 1.81-1.82 region. From there, we will wait for the price to form a nice top before selling. The target will be set at the previous Lower Low

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