The EUR/USD clocked a high of 1.0878, before turning lower 1.0857. An hourly close below 1.0869 could open doors for a sell-off to 1.0811-1.08, under which the pair could drop to 1.07985. The current candle on the hourly chart also represents the failure to take out the hourly 100-MA currently located at 1.0872.
I prefer entering short around 1.0860 for target of 1.0811-1.08 and stop above 1.0890
I prefer entering short around 1.0860 for target of 1.0811-1.08 and stop above 1.0890
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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.