Quadricolor
Short

EURUSD Short Daily. Price meeting resistance at previous highs.

FX:EURUSD   Euro / U.S. Dollar
The EURUSD is reaching levels where previous Euro selling was strongly met. A similar situation is happening at these levels. The RSI is also indicating overbought situations and is falling with a bearish divergence relative to price (Orange RSI trend line ). If price does recover to the Red resistance line at 1.207 to 1.21 sell there with stops anywhere from 1.212 to 1.217 (depending on your Money Management profile). Should price not reach back up to these levels set a sell order at 1.2 for breach of lower support area .

Take profits to be decided later, but they may be as low as the 1.55 area.
Comment: Moving stop loss to entry price.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out