Euro / U.S. DollarShort
Bearish confluences for EURUSD
It can be seen that there is a clear bearish rally right now due to the strong momentum of DXY. After marking its last LL, a small bullish divergence can be seen which pushed the price upwards, and by applying the Fib the price got rejected from the "golden pocket.618". I have targeted 1:2 RR due to the strong downward price direction
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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.