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InvestingScope
Sep 27, 2019 6:50 AM

EURPLN: Short opportunity within a 1D Rectangle. Short

EUR/PLNOANDA

Description

The pair has discontinued its uptrend (RSI = 61.957, MACD = 0.014, Highs/Lows = 0.0151) this week having been rejected near the 4.4000 1D Resistance. This creates ideal conditions for a reversal towards the 4.31460 1D Support, essentially aiming to trade within a Rectangle pattern. We are short on this formation with 4.33200 - 4.31460 as the Target Zone.






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