EUR/USD - Short Selloff SetUp

Published date: 12/06/2018
 
 

EUR/USD has been stalling at the already given 1.1822 daily resistance level recently with the last EFX technical post stating 'Wait for a reversal or breakout".

Studies of price action today suggest a reversal is imminent... However, we must wait for the trendline to be broken in order for the pair to sell off into the labelled target zones. 

A break of the trendline and the supportive region: 1.1725 will allow the price to fall into 1.1660 over the next few days then 1.1580 as target 2!

Trade safe guys and let's await that USD strength!

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