FX:EURUSD   Euro / U.S. Dollar
For my trade journal only, use good MM

On the longer time frames the sentiment appears bearish , with the monthly and weekly charts strongly indicating this.

On this much shorter time frame we have a number of potential opportunities on the near term horizon.

1. A corrective breakout of the move to the downside
2. A possible buy opportunity on the bounce, long for a pullback to the daily resistance around the 1.07000 level.
3. A sell opportunity at the 1.07000 level
4. A breakout above the daily resistance (Wait for a strong confirmation)
5. Price may break down through the 1.0615 and the bearish move continue in which case I will look to enter short
Comment: Consolidating nicely waiting for a confirmation signal
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