What it seems to be that EURUSD is rejecting the ascending channel that could invite sellers in a short while. Cycles support the idea of the EUR being at or near the top of it's cycle. If we hold current resistance I'd expect EURUSD to return to the major technical as well as psychological support around 1.1000.
Comments
Cityfox
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Good chart
KingTraderXXIII
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WOuld be nice to hit 1.10 by Friday May 22
Cityfox
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you got your 1.1000
hpis44
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Selling at 1.1440, what should be the SL level please? 1.1535?
CryptoPAMM
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selling? you sure its on gbpusd? :)
hpis44
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sorry I meant the EURUSD. I put my question on wrong chart