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KaltoireCapital

Bearish candlestick formation in the daily chart, price may drop

Short
Euro / U.S. Dollar (FX:EURUSD)  
KaltoireCapital  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis EURUSD eurusdprediction eurusdforecast eurusdshort eurusdidea eurusdsignal eurusdanalysis
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trendanalysis chartpattern beyondta eurusd eurusdprediction eurusdforecast eurusdshort eurusdidea eurusdsignal eurusdanalysis
Dear traders, as a continuation of my previous idea, I am adding further relevant points
and updating the EUR/USD idea in view of the current developments in the market and also
adding a possible trade signal.

In the daily chart, you can see that bearish candlesticks have formed in the resistance level.
This is a strong indicator that price may drop further in the coming days.

If EUR/USD is unable to break the resistance level that I have highlighted with a circle in my chart,
I would advise traders to short EURUSD@1.07-1.0760 with SL above 1.08 and TP at 1.04
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