theforexarmy

EURUSD remain bearish with break of our long term support

Short
FX:EURUSD   Euro / U.S. Dollar
Sell below 1.0711. Stop loss at 1.0758. Take profit at 1.0623.
Reason for the trading strategy (technically):
We remain bearish with the break of our long term ascending support-turned-resistance line. The goal is to be bearish below 1.0711 resistance ( Fibonacci retracement , horizontal overlap resistance, pullback resistance) for a drop to at least 1.0623 ( Fibonacci retracement , recent swing low support).
RSI (34) is seeing descending resistance

Comments

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