Possible Short for EURUSD

FX:EURUSD   Euro / U.S. Dollar
Possible short position incoming. I correctly predicted price to go up towards the local resistance line, this move has now been completed and price is heading back down again in accordance with the trend line channel. Price has also stayed underneath both the 200 and 50 EMA indicating a short bias. There is a short stop loss with a nice risk reward ratio. Keep an eye out for updates.
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