EURUSD is currently trading in sideways to downside trend . According to current price movement , it has reverse down from it major resistance level and trading near the trendline support area (shown in chart). if it take support at trendline we may see upside towards major resistance level but if it breaks the trendline support , EURUSD will move towards the major support level .by trend analysis EURUSD will movie towards major support level only if it breaks trendline support. short trade for EURUSD can initiate after break of support trendline with stop loss and risk management.
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