marck023

EUR/USD Short Opportunity 1D - Chart

FX:EURUSD   Euro/U.S. Dollar
I have identified a previous support level on the 1D chart that could become our next resistance. The reason why I believe it is very probable to see a downside movement is because the RSI is overbought and there is also a 786 Fibonacci Level on the current price. For me that level is a deeper retracement area. Our Risk/Reward ratio is very good so I am taking a shot on this.
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