What I am looking for is the market to continue getting rejected from the 2 red zones. This has happened on multiple occasions and if the market continues to fail to break above these zones then we want to be looking for shorting opportunities.
Trade is to short the market below the 10,527 level which is the orange dotted line.
Target for the trade will be...
What we have seen recently in price action is a lot of bearish confluence which should lead to this currency pair declining further. Once the 1.09636 - 1.08925 support region can be broken then we can start to see the market decline and selling to occur as more bearish confluence would have taken place.
I am going to be shorting EURUSD below the the 1.09636 -...
