Short Idea on EUR/USD
Price has reached a clear area of previous resistance where it failed to go above, more rejections to the same zone and uptrend seems to be coming to an end, price is clearly exhausted after a 163 pip uptrend and is falling down possibly to the next previous key area of value. Profits will be taken halfway through the trade at a possible area of conflict and stop loss will be moved at break even.
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.