Investroy

EUR/USD: stuck in the mud. A big drop coming?

Short
FX:EURUSD   Euro / Dollar Américain
As we can see from the graphical illustration, the price has formed a nice range and is trading within the borders of it. A nice top is currently being formed at the upper boundary of the sideways moving range and we can see some signs of a potential drop that may happen. Our target will be set at the lower boundary of the range and even below it, as we expect for the pair to remain bearish.

Happy trading everyone!

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