savvyacademy
Short

Bearish EURUSD setup for June 22 - 26, 2015

FX:EURUSD   Euro Fx/U.S. Dollar
35 0 1
EURUSD             has broken a multi-month down trend, with signs of bullish strength since mid Apr 2015.
There is a bearish setup due to
  • 1.1442 being a multi-week resistance
  • a inverted hammer respecting 1.1442
  • possibly bearish wedge formation

A short setup is shown to be triggered once price broken below 1.1347 and target at 1.0865, leading to a 1:4 risk-reward.
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