EURUSD Good sell opportunity on this short-term rejection

The EURUSD pair got an initial rejection near its 2-month Higher Highs trend-line with the 4H RSI an a Bearish Divergence (Lower Highs) since April 03.

The last pull-back was -2.31% and made double contact with the 4H MA50 (blue trend-line) before rebounding. In fact all Higher Highs rejections hit at least he 4H MA50 before rebounding.

As a result, we see a strong short-term sell opportunity now, which even though could technically reach 1.12150 (-2.30% drop), it is advised to take profit once contact with the 4H MA50 is made.

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