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DeGRAM
Apr 13, 2023 8:58 AM

DeGRAM | EURUSD structure-based trade Short

Euro Fx/U.S. DollarFXCM

Description

EURUSD is approaching a major resistance level at 1.03200.

If price action prints a double top, the market might retrace from this level. On the 4-hourly timeframe, the market is in overbought territory.

We anticipate a short-term bearish move; all confluences indicate that the price may pullback. It is going to be a structure-based trade.



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Comments
Leumas_XErof
More vim
iqbalshahzad408
Awesome, keep it up!
vf_investment
Great analysis, keep it up!
FOREXN1
Thanks for your idea! cheers
CobraVanguard
Professional work, I really like it
DeGRAM
Good luck in the markets and have a great one!
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