Taking a look at the 3H timeframe chart of EUR/USD, we can visually observe that the price has reached a crucial zone of resistance and is now forming a top to plummet down. We will carefully observe the situation here and wait for the price to give us some more confirmations before launching short positions and aiming for the area of support plotted on the chart.
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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.