TheSignalyst

EURUSD top-down analysis

Short
FX:EURUSD   Euro / U.S. Dollar
on DAILY: EURUSD is sitting around a strong support/resistance zone so we will be looking for objective sell setups on lower timeframes

on M30: price is forming a channel in orange, so we are waiting for a new swing to form around our lower orange channel and then sell on its break downward.

we also have divergence on MACD adding more confluence to our sell setup

This analysis is done using RichTL
www.RichTL.com

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