hpis44
Short

EURUSD 240min SHORT ENTRY @ EXTREME OVERBOUGHT LEVEL

FX_IDC:EURUSD   Euro Fx/U.S. Dollar
EURUSD             H4 chart offers great short entry at current levels around 1.1360/70. Price reached its channel resistance, RSI (21) is well above 70, both suggest a remarkable correction is about to come. I think the rate could fall back at least to the green marked support level at 1.1210/20 area.
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