possible short opportunity
EURUSD is in a falling wedge alike situation and sitting at the top edge of the channel, from the point it can either break out going further up or bounce back down to start another cycle.
Similar like GBPUSD it rallied the whole day yesterday bringing RSI on lower time frames close to overbought level, but the higher time frames are still bearish. Therefore I'd prefer to consider there's an opportunity to short it for today.
SL: slightly above the channel (1.17545 is better SL)
TP: fib based
GL
Similar like GBPUSD it rallied the whole day yesterday bringing RSI on lower time frames close to overbought level, but the higher time frames are still bearish. Therefore I'd prefer to consider there's an opportunity to short it for today.
SL: slightly above the channel (1.17545 is better SL)
TP: fib based
GL
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