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EURUSD Price Rejection
Euro / U.S. Dollar
Short
EURUSD Price Rejection
By BluetonaFX
Follow
Follow
Jan 12
4
Cheer
Cheer
Jan 12
Hi Traders!
EURUSD has had double price rejection at the resistance, and there are shorting opportunities near the resistance to target support levels below.
Here are the details:
There is double price rejection at the 1.09986 level, which tells us that bearish demand is currently too strong in this area.
We are looking for a momentum price break and a close below the 20 EMA.
Preferred Direction: Sell
Technical Indicators: 20 EMA
Resistance: 1.09986
Support 1: 1.09102
Support 2 (monthly low): 1.08770
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
chartanalysis
EURUSD
Forex
forexmajors
forexsignals
fxmajors
marketanalysis
Moving Averages
priceaction
shortsignal
Support and Resistance
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