We're sitting at resistance after progressive lower highs and lower lows. The trend line supporting price right now is tight and I think it can easily break down.
In addition I think there's a lot of false bullish sentiment on this pair yet the technical's aren't supporting that so if we fail here there could be a drop to the daily trend line area.(Highlighted in green rectangle)
In addition I think there's a lot of false bullish sentiment on this pair yet the technical's aren't supporting that so if we fail here there could be a drop to the daily trend line area.(Highlighted in green rectangle)
Trade closed: stop reached
Looks like EURUSD is breaking outside the top resistance - closing short.
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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.