ColmoreFX

EURUSD DOWNSIDE RISK

Short
FX:EURUSD   Euro / U.S. Dollar
Traders we have been watching EURUSD for a while as it struggles to break above its previous highs and is sitting within a weekly resistance zone . We are looking for a break below the daily lows for opportunities for a short position. Weekly chart suggests a weekly retracement could be playing out.

FOMC last week stated they expect to hike rates 1 more time this year which could aid this trade to the downside.

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