KN_FXtrader
Short

EUR/USD Technical Analysis

FX:EURUSD   Euro / U.S. Dollar
The price is in bullish movement from 21 July. It is creating higher lows (3 and 4) but also lower highs (1 and 2). This might be a signal that it is losing its power and this uptrend move might be just a retracement. If the price go below level 3, which is the previous low we might see a downtrend move towatds level 4 or even at 1.0811. We should wait the opening of the market to observe the candlesticks' formation at level 2. It might be a good level for short positions, instead of waiting the break of level 3.
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