EURUSD Sell the downtrend.
EURUSD - Intraday - We look to Sell at 1.2198 (stop at 1.2218)
Bearish divergence is expected to cap gains.
Trend line resistance is located at 1.2200.
Bespoke resistance is located at 1.2200.
We look for a temporary move higher.
Broken out of the wedge to the downside.
Our profit targets will be 1.2138 and 1.2118
Resistance: 1.2200 / 1.2220 / 1.2240
Support: 1.2180 / 1.2160 / 1.2130
Bearish divergence is expected to cap gains.
Trend line resistance is located at 1.2200.
Bespoke resistance is located at 1.2200.
We look for a temporary move higher.
Broken out of the wedge to the downside.
Our profit targets will be 1.2138 and 1.2118
Resistance: 1.2200 / 1.2220 / 1.2240
Support: 1.2180 / 1.2160 / 1.2130
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