EURUSD - Intraday - We look to Sell a break of 1.2228 (stop at 1.2251)
Daily signals for sentiment are at overbought extremes.
A higher correction is expected.
Bearish divergence is expected to cap gains.
A break of 1.2230 is needed to confirm follow through negative momentum.
Trend line support is located at 1.2170.
Our profit targets will be 1.2171 and 1.2151
Resistance: 1.2260 / 1.2280 / 1.2300
Support: 1.2230 / 1.2200 / 1.2180
Daily signals for sentiment are at overbought extremes.
A higher correction is expected.
Bearish divergence is expected to cap gains.
A break of 1.2230 is needed to confirm follow through negative momentum.
Trend line support is located at 1.2170.
Our profit targets will be 1.2171 and 1.2151
Resistance: 1.2260 / 1.2280 / 1.2300
Support: 1.2230 / 1.2200 / 1.2180
Trade closed manually
Trade closed with +35 pips profit at expiry.
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Related publications
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.