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EURUSD SHORT

Short
FX:EURUSD   Euro / U.S. Dollar
Possible downward movement of the pair. The price is currently in an important trading zone in 4-hour and 1-day temoralities, where there is currently a range at the upper limit of this, together with rejections previously given in the EMA of 55 daily periods, given its downward trend, which could give signs of downward movements. We also see a significant development of mountains in the Squeeze Momentum indicators and MACD histogram, where the former indicates a change in directionality and the MACD histogram has already changed directionality. We see an accompanying loss of strength from the previous move, shown by the ADX, along with a possible sell signal pattern within the next few hours on the MACD lines. RSI could accompany the movement with its negative slope. I think there could be a move to low areas of important volume in 4 hours or even a continuation of the downtrend on the daily chart.

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