EURUSD - Intraday - We look to Sell a break of 1.2228 (stop at 1.2251)
Daily signals for sentiment are at overbought extremes.
A higher correction is expected.
Bearish divergence is expected to cap gains.
A break of 1.2230 is needed to confirm follow through negative momentum.
Trend line support is located at 1.2170.
Our profit targets will be 1.2171 and 1.2151
Resistance: 1.2260 / 1.2280 / 1.2300
Support: 1.2230 / 1.2200 / 1.2180
Daily signals for sentiment are at overbought extremes.
A higher correction is expected.
Bearish divergence is expected to cap gains.
A break of 1.2230 is needed to confirm follow through negative momentum.
Trend line support is located at 1.2170.
Our profit targets will be 1.2171 and 1.2151
Resistance: 1.2260 / 1.2280 / 1.2300
Support: 1.2230 / 1.2200 / 1.2180
Trade closed manually:
Trade closed with +35 pips profit at expiry.
