Euro vs US DollarShort
EURUSD (62+ Pips)
Price reached a high pivot, triggering a liquidity sweep as it took out stops above resistance. The next candle formed a bearish engulfing pattern, signaling a potential reversal. This setup suggests a short entry, with expectations of a downward move from this resistance level to support at 1.07700
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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.