EURUSD – Up
The pair on the daily chart above broke below a support line 1.1733 with a big red candle, yesterday price corrected to it and could not penetrate above so was rejected. As the pair is on a downward movement, you can short it now with your take profit at 1.1468 and stop loss around 1.1820.I expect a rally of price towards 1.1468 and a breakout below it for further decline in price towards1.1129 or even lower to 1.0803 as seen on the chart when you zoom out. In case of a breakout below the support 1.1468, wait for a correction to it before you short the pair towards 1.1129.Only short positions can be recommended.
Short EUR/USD now with your take profit at 1.1468 and stop loss around 1.1820.
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