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theforexarmy

EURUSD turn bearish with break of our long term support

Short
Euro / Dollar Américain (FX:EURUSD)  
theforexarmy  
FX:EURUSD   Euro / Dollar Américain
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Sell below 1.0711. Stop loss at 1.0758. Take profit at 1.0623.
Reason for the trading strategy (technically):
With the break of our long term ascending support-turned-resistance line, we turn bearish below 1.0711 resistance (Fibonacci retracement, horizontal overlap resistance, pullback resistance) for a drop to at least 1.0623 (Fibonacci retracement, recent swing low support).
Stochastic (55,5,3) has made a bearish exit signalling a further drop is expected.

Idées en relation

theforexarmy
EURUSD remain bearish with break of our long term support
theforexarmy
EURUSD profit target reached once again, time to turn bullish
Clause de non-responsabilité

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