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EURUSD: 1.2420 heavily broken, bearish pressure to accelerate
Euro / U.S. Dollar
Short
EURUSD: 1.2420 heavily broken, bearish pressure to accelerate
By SwissPips
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Updated
May 20, 2018
7
Cheer
Cheer
Mar 8, 2018
Hey guys,
As you can see in my chart, the level of interest 1.2420, according to MP, has been heavily broken by bears.
This can suggest that EUR/USD bears are in control and going to push it downwards.
Inversely, USD/CHF should benefit from EUR weakness and go north.
The trend line you see is from the ZIGZAG indicator and is not a trend line I have added manually.
Trade with care
Cheers
Jesse
May 20, 2018
Trade closed: target reached
Bearish Patterns
Chart Patterns
EUR
EURUSD
Forex
fx
short
Trend Analysis
USD
SwissPips
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