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EURUSD : SIDE TO SIDE

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Hey traders!

(This analysis was already shared with students)

EURUSD was the first one to move down last week before every other pair followed suit. It had a considerable lead vs other majors. Now it had retraced back to 0.38 FIB extension before resuming its downtrend. It looks like it is building a new downtrend channel as showed here in my chart.

MACD showing signs of weakness
RSI neutral
DXY somehow still bullish

Here's what I'm thinking :

EURUSD SHORT:
ENTRY : 1.1801
SL : 1.18811
TP : 1.15789


Trade safe!

Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
手動結束交易
Closed this entry manually. We banked around 52 pips!

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