The EUR/USD struggling at a critical point, now after retesting the Dynamic trendline and having a rejection on the 61.8% Fibo level, the price seems ready to have a new push down in the direction of the main trend. The RSI and Stochastic present an overbought scenario which means the price will drop in the range area. We are looking for a SHORT position.
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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.