Intro: EURUSD is now on major pullback resistance, good opportunity to enter!
Sell below 1.2272. Stop loss at 1.2371. Take profit at 1.2079. Reason for the trading strategy (technically): Price is now testing descending resistance and Ichimoku resistance along with major resistance at 1.2272 (Fibonacci retracement, horizontal pullback resistance). A drop can occur from here to push price down to 1.2079 support (Fibonacci retracement, horizontal pullback support). We do have to keep a look out for major support at 1.2172 which needs to be broken before a further drop can be expected. RSI (34) sees descending resistance maintain our bearish bias.
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