EURUSD: Update and Potential Short
this is the update for my previous post on EURUSD.
The price has reached the key level of resistance and yesterday we saw a nice rejection from 1.109 level.
Currently, the market is trading within the horizontal trading range 1.106 - 1.109.
For confirmation, wait and sell only after a bearish breakout of the range.
This breakout will also signify a bearish violation of a bearish flag pattern
and, most likely, will cause a strong selling movement.
Our target levels will be
1.104
1.1
*if the market goes higher and closes above the range our setup will be invalid
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