EWForecast

Euro Short Setup

Short
FX:EURUSD   Euro / U.S. Dollar
10
Euro has been trading within a large range inside monthly Bollinger Band since 2008 crash. It has never touched the upper bollinger band until two months ago. Today it retests the upper bollinger band again at 1.389. We can also see two TL resistance at this level. It's unlikely Euro can rally much further above TL resistance without significant correction first.

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