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Euro / U.S. Dollar
Short
Updated

EURUSD Bearish Divergence - Possible Short Trade

591
EURUSD tested 1.1917 yesterday, an important level with a divergence activity on the back, market fell quite sharply, the overall short term momentum is quite strong.

If market breaks and holds below 1.1791, that opens further room to fresh sell offs towards 1.1745 & 1.1710 over the coming sessions.

Good Luck.
Note
snapshot Make sure to wait for the 1.1795 level to break mentioned on the chart.
Trade active
snapshot EUR broke out the support.
Note
snapshot Almost close to first target at 50s
UmarAbdurRehman
Also on:
Chart PatternseurusdanalysiseurusdforecasteurusdideaeurusdlongeurusdpredictioneurusdshorteurusdsignaleurusdtradeTechnical IndicatorsTrend Analysis

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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.
Chart PatternseurusdanalysiseurusdforecasteurusdideaeurusdlongeurusdpredictioneurusdshorteurusdsignaleurusdtradeTechnical IndicatorsTrend Analysis
UmarAbdurRehman
Also on:

Related publications

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.