Short Idea on EUR/USD

٣١ أغسطس ٢٠٢٠

Price has reached a clear area of previous resistance where it failed to go above, more rejections to the same zone and uptrend seems to be coming to an end, price is clearly exhausted after a 163 pip uptrend and is falling down possibly to the next previous key area of value. Profits will be taken halfway through the trade at a possible area of conflict and stop loss will be moved at break even.