Euro / U.S. DollarShort
EURUSD Short Coming Into Play Soon
Updated
This is a simple setup. A simple high momentum move into an area of resistance and I expect a rejection of similar momentum of a higher price. Additionally, RSI indicates the market is way too overbought right now and 200 EMA does tell us that there is no change to an uptrend however this is a lagging indicator. Would look for a good entry point through a MACD crossover.
Note
It worked out perfectly!!
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