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Nipri

Possible Short Position For EURUSD

Short
Euro / U.S. Dollar (FX:EURUSD)  
Nipri  
FX:EURUSD   Euro / U.S. Dollar
Support and Resistance Trend Lines Flag shortsetup priceaction price-action priceactionanalysis resistancerejection
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supportandresistance trendline flagpattern shortsetup priceaction price-action priceactionanalysis resistancerejection
EURUSD

Price got to a major Resistance area @ 1.09885 and reversed back down breaking a supporting trendline @ 1.09316 making that a new resistance trendline.

after the retest of the new resistance trendline above, the expectation is that price would return to the major support area around 1.07800
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