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Euro / U.S. Dollar
Short

EURUSD Bearish Reversal

By JoshFX1
Updated
EURUSD is currently on the 4 hour time frame testing a strong resistance. Its also showing that we are currently in the 5th Elliot Wave. When this wave is over a bearish reversal will start. A peak at the Dollar Index on the 4 hour and daily time frame shows us a beautiful bullish wedge.
This information all combined gives enough ground for a bearish reversal on eurusd and sell this pair!

TP: 1.1270
SL: 1.1480
Trade active
Comment
Sell is still in play and todays setup it more perfect than yesterday. Yesterday it went up a bit more and actually touching the upper range. Today it came down from there.

So seeeelll
dollarEUReuroEURUSDeurusdbuyeurusdlongeurusdselleurusdshortUSD

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