the5erstrading

EURUSD FLAG PATTERN COMING TO FRUITION

Short
FX:EURUSD   Euro / U.S. Dollar
Our daily chart analysis from a few weeks ago is looking stronger as time goes on.

EURUSD did a large equity grab to the upside online to fail breaking the top side channel. The large drop after this shows a lot of sellers wanting this price lower.

I think we will sit tight for a while before reloading to break the bottom side channel line.

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