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Euro / U.S. Dollar
Short

EURUSD: Sell opportunity within the Channel Down.

562
The pair is trading sideways since Friday after completing the Lower Low within the 4H Channel Down (RSI = 40.137, MACD = -0.011, ADX = 39.459). By doing so it entered the lower tier of the Channel for the first time and there is a high probability to stay within it for as long as it stayed on the upper tier assuming the pattern is symmetrical. We are therefore setting one more standard Target: 1.0500 and a more aggressive extension: 1.0400.


Last two trades:

EURUSD: Death Cross on 1H. Sell opportunity.


EURUSD: Sell opportunity if the 4H MA50 breaks.




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Chart PatternsCurrenciescurrrencydollarEUReuroEURUSDForexTechnical IndicatorsTrend AnalysisUSDDJ FXCM Index

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Chart PatternsCurrenciescurrrencydollarEUReuroEURUSDForexTechnical IndicatorsTrend AnalysisUSDDJ FXCM Index
InvestingScope
Telegram: t.me/investingscope
investingscope.com

Over 65% accuracy on Private Signals Channel.

Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.

Free Channel: t.me/investingscopeofficial
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.