maenshokri

Weekly Outlook: EURUSD: Short soon

Short
OANDA:EURUSD   Euro / U.S. Dollar
I am watching the green and red lines for shorting this major pair. The direction for this pair is to the downside as long as the blue line is below the green line and the red trend line is positioning on a resistance level (shifted from support to resistance six trading days ago). No reason for me to buy euros in this scenario and I assume that the current up move is only a correction. Stop loss is 1.1440.

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