The EURUSD pair continues to exhibit a downward trend, presenting an opportune moment for initiating a sell position. This follows its recent retest of the previously broken support level. The stop-loss for this position should be set at the high of the previous 4-hour period, while the target is set at the support level indicated on the chart.
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.