Description
⋅ Hi Traders!
EURUSD has had double price rejection at the resistance, and there are shorting opportunities near the resistance to target support levels below.
Here are the details:
There is double price rejection at the 1.09986 level, which tells us that bearish demand is currently too strong in this area.
We are looking for a momentum price break and a close below the 20 EMA.
Preferred Direction: Sell
Technical Indicators: 20 EMA
Resistance: 1.09986
Support 1: 1.09102
Support 2 (monthly low): 1.08770
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Trade safely and responsibly.
BluetonaFX