EURUSD SHORT.
Updated
EURUSD has failed to break the 1.2500 level for the third time in almost 3 months, we also saw price drop a significant 750 PIPS after last touching that level in July. Even though price has been in a short term range between 1.1000 and 1.2500 and did not actually touch the 1.2500 level this time, price was still extremely close to that level twice before a significant rejection and a 200 PIP drop, which has now resulted in 2 confluences which I believe are good for sells. Firstly the break of the range to the downside with a large bearish 4 hour candle which also closed below the range and the significant 1.1000 quarter point. I now expect to see a retest of the 1.1000 level and a drop to the target area of 1.07942 or lower to test the 1.07500 level.
Trade closed: target reached
Closed within a few pips of target.
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