EURUSD Short the Resistance.

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EURUSD has broken from a strong range, and currently is in strong downtrend with no clear indication with a leg up.

EU is now testing strong resistance level, and I doubt it can break this resistance area on first try, that's why I am going to short today EURUSD.

We still have EMA downtrend.
Bearish 1H close.
RSI is above 60, but holding on thin ice.

My take profit is around 1.1640 ( Around 30 pips).

Good luck with this trade!
Tibor

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ملاحظة

Already 20 pips down since the post of analysis, another leg down expected..

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ملاحظة

5m Chart in a Rising wedge.

RSI double top.
MACD selling wave signals first selling tick.

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ملاحظة

15m bigger picture.

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أغلقت الصفقة: تم الوصول للهدف

Trade closed at 1.16414 +30 pips!