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EURUSD: Shorts to 1.11750!


4hr Time Frame: Reading price we can see that we are at an area of resistance in confluence to candlestick reversal formations. Notice how price is making a head & shoulders formation with the break of the trend line with signs of rejection. If price manages to stay below this key resistance, we can look to short this down to 1.11750 key support. However, if price breaks and closes above this resistance, look to reevaluate price action. Due to the uncertainty of market fluidity, risk management is highly recommended.


 


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