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Short

EURUSD: Final bearish leg?

FX:EURUSD   Euro / U.S. Dollar
Today the market will be focused on the CPI             , because this date could bring back eurusd             to follow his main trend ( bearish ). If a positive will come out, we could see a strong dollar, on the contrary, a negative CPI             could give further fuel to the rebound of the euro             . This is not a intraday setup, then we should not be in a hurry to enter the market, it isnot important to get the minimum or the maximum, but being able to follow the trend, so we are waiting for the US CPI             .
On Daily Time Frame, we see the development of a bearish AB=CD .
Our setup has a good R/R Ratio, so it will be a sufficient size reduced to optimize your money management
Happy weekend to all and good trading!

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daily support at 1.07130
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SignalSwiss PRO SignalSwiss
working support!
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SignalSwiss PRO SignalSwiss
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Same setup in USDCHF, but long, logically.
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good idea Ivan!
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IvanLabrie PRO SignalSwiss
Entry looks perfect now above current daily high. :)
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It's 50-50 situation, Still main trend of EUR remains bearish. But on weekly DXY chart I can see dark cloud cover pattern which may be a signal that DXY would come down & this means EUR would go up , however these are all opinions & as legendary speculator jesse livermore said "Don’t trust your own opinion or back your own judgment until the action of the market itself confirms your opinion."
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agreeee!
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It seems to be setting up for a nice short but my analysis says that we have to wait for confirmation on Monday
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TheShakeOut PRO TheShakeOut
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