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Abdullah_x47

EURUSD 4HR Support and Resistance / Intra-day trading

Short
Euro / U.S. Dollar (FX_IDC:EURUSD)  
Abdullah_x47  
FX_IDC:EURUSD   Euro / U.S. Dollar
eurousd EURUSD eurodollar intraday Support and Resistance trend Trend Lines 4hrchart Stochastic Oscillator Technical Analysis
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eurousd eurusd eurodollar intraday supportandresistance trend trendline 4hrchart stochastic technicalanalysis
The various trendlines are illuminated on the chart. The red lines and green lines are the resistances and supports, respectively. Since the pair has been on a streak and has been overbought for several days, the Fibonacci retracements, trend lines and indicators like stochastics, RSI, CCI indicate that its high time for correction. The pair most probably would bounce in between the trend lines shown on the chart. Unless the fundamental data of Euro abruptly changes since M Draghi is going to have a speech today. Still most probable move is downwards. Hence, for intra day trading , today is a fine day to short the pair
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