This is a counter-trend trade simply playing off a break below previous lows. Short term, EURUSD contains to maintain its bearish stance with no slowdown of each sell-off signalling the end of a bear run.
Note
Closed out this trade as selling pressure looks to have died down. It failed to make a significant lower low.
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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.