The rising trendline on H4 that has been keep EURUSD in upward momentum has been broken with the last trading four hours ended in a rejection candle. The pair is expected to make a rally up (possibly towards bearish order candle at 1.22754 level). Any price rejection here could drag EURUSD further down to the long term trendline. However, a close above 1.23653 will indicate resumption upward momentum.
N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Agreed with the idea on short however i don't personally think it will go up to 1.227, more like around 1.224 to retest the support line before bearish in my view. Nice layout chart :)
BullBearMkt
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@MichaelWoodsFx, Thanks for the comments. You may be right about your observation, it might not get to 1.227 but considering this is weekend, there might be some gapup or gapdown.
MicWoodsFX
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@BullBearMkt, Yes agreed, Keep it up there the good work :)