Euro / U.S. DollarShort
EURUSD BEARISH
The EUR/USD currency pair has been exhibiting a bullish trend. However, recent technical indicators suggest potential bearish signals. Specifically, a bearish divergence has formed on the Relative Strength Index (RSI), and a rising wedge pattern has been identified. These developments indicate a possible trend reversal. To capitalize on this, I plan to place a sell stop order to enter the market upon confirmation of the anticipated downward movement.
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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.