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MarcellusLUX

EUR/USD rally comes to a halt. More drop ahead?

Short
Euro / U.S. Dollar (FX:EURUSD)  
MarcellusLUX  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis EURUSD eurusdshort eurusdprediction eurusdforecast eurusdidea eurusdsignal eurusdanalysis eurusdtrade eurusdoutlook
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trendanalysis chartpattern beyondta eurusd eurusdshort eurusdprediction eurusdforecast eurusdidea eurusdsignal eurusdanalysis eurusdtrade eurusdoutlook
As I predicted yesterday, the EUR/USD's rally has finally come to a
halt near the 1.2080 resistance area.
Time for a correction in EUR/USD?
Yesterday, a bearish pinbar candlestick has formed on the daily chart
which is a significant development.

If the bears can continue their hold on this pair, a drop to 1.1850
will be increasingly possible over the next few days.

My previous signal: Sell EUR/USD@1.2075-1.2100
SL:1.2150
TP:1.1900
is still valid. Traders can also look for new sells if price action continues
to show bearishness.
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