Just a basic example of why I am currently bearish on the EUR/USD pair. I will be looking for the banks to possibly pull this upward on a news event this week to better position themselves on the short side only for it to have a very hard reverse back down.
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Price has now reached the 1.14000's area which has been a prior level to short the eu. Will need to watch for confirming bearish price action at this level.
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Price coming down nicely from resistance area.