Euro / U.S. Dollar
Short

EURUSD: The short term reaction seem to be over...

49
EURUSD tested the short term trendline that contains the move from last week's highs and a return to the 1.1570 area or lower is our scenario for now...
We keep tight stops above 1.1605 targeting 1.1570-72.

The 5 min chart that follows shows how we could enter earlier with the help of Heikin Ashi at a 5min chart.
snapshot

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