EURUSD Sell the downtrend.
Updated
EURUSD - Intraday - We look to Sell at 1.2197 (stop at 1.2217)
Trading within a Bearish Channel formation.
Broken out of the wedge to the downside.
Trend line resistance is located at 1.2200.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Bearish divergence is expected to cap gains.
Our profit targets will be 1.2138 and 1.2118
Resistance: 1.2180 / 1.2200 / 1.2220
Support: 1.2160 / 1.2140 / 1.2130
Trading within a Bearish Channel formation.
Broken out of the wedge to the downside.
Trend line resistance is located at 1.2200.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Bearish divergence is expected to cap gains.
Our profit targets will be 1.2138 and 1.2118
Resistance: 1.2180 / 1.2200 / 1.2220
Support: 1.2160 / 1.2140 / 1.2130
Trade closed: stop reached
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