SamKent
Short

EUR/USD Testing Resistance

FX:EURUSD   Euro / U.S. Dollar
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The EUR/USD has been building some bullish momentum recently. The pair now sits at the bottom of a thick kumo, as well as at the descending trend-line resistance level . Our fundamental bias for the pair is still bearish , so we're interested sellers. We will, however, require some bearish confirmation prior to going short. What we're looking for at the moment is a break down from the kumo, breaking the kijun and the RSI ascending trend-line in the process. On such a break we'd be short the market, with a stop just above the 61.8% which has held recently, as well as the top of the future kumo.
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