EURUSD: Update and Potential Short

19 de nov. de 2019

this is the update for my previous post on EURUSD.

The price has reached the key level of resistance and yesterday we saw a nice rejection from 1.109 level.

Currently, the market is trading within the horizontal trading range 1.106 - 1.109.
For confirmation, wait and sell only after a bearish breakout of the range.
This breakout will also signify a bearish violation of a bearish flag pattern
and, most likely, will cause a strong selling movement.

Our target levels will be
1.104
1.1

*if the market goes higher and closes above the range our setup will be invalid