EURUSD faces multiple strong resistances. Short
Multiple resistance levels:
1. Downward trend line since September 24th
2. 200 moving average
3. Fundamentally, conflict between Italy and EU is increasing
4. Upward trend line formed since November 12 isn't that strong
====> Expecting downside breach and short opportunity
1. Downward trend line since September 24th
2. 200 moving average
3. Fundamentally, conflict between Italy and EU is increasing
4. Upward trend line formed since November 12 isn't that strong
====> Expecting downside breach and short opportunity
Trade closed: target reached
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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.