We are in SELL mode in EURUSD. 1.1745-55 is a quadruple resistance area( Trendline, Previous base, R2, 89EMA),making the continuation beyond that level impossible without prior correction.We expect Sellers to emerge there and for this we are waiting with sell orders. Stops above 1.1765 and initial target 1.1725.
Note
We are opening now a SELL order at 1.1730 in case the 1.1745-55 is not met. Of course we will add more there...Initial target for the 1.1730 short trade is 1.1700Note
Price entered into SELL zone area. Waiting for targets to be reached
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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.