EURUSD – Up
On the 4H chart above,EURUSD broke below a support zone (1.2387-1.2381),price then rallied down up to a key line 1.2234,on 11th of this month however, price was pulled back to the zone and since then has retraced thrice to the zone, currently it is pulling back to the zone and I expect a rejection of it within or around the zone for bearish movements of EUR towards the key line 1.2316,I also expect a possible breakout below it for a further decline in price towards 1.2234.You can either sell EUR now or wait for a close within the zone then sell it with your take profit at 1.2316 and stop loss around 1.2413.
Sell EUR within (1.2387-1.2381) with your take profit at 1.2316 and stop loss around 1.2413.
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