EURUSD has been trending higher but is now flashing signs of exhaustion. While shorts remain risky without more confirmation, aggressive traders could explore them near the highs. Longs also carry increasing risk at these extended levels. Two idea paths: a cautious long continuation, or a speculative reversal trade. A clean break of key trendlines will likely invalidate short setups and resume the uptrend.
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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.