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theforexarmy

EURUSD remain bearish below major resistance

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Euro / Dólar Americano (FX:EURUSD)  
theforexarmy  
FX:EURUSD   Euro / Dólar Americano
EURUSD eurusdshort eurusdidea eurusddaily eurusdnews eurusdlong USD EUR eurusdanalysis eurusd1hr eurusdlongsetup eurusdsell eurusdforecast
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eurusd eurusdshort eurusdidea eurusddaily eurusdnews eurusdlong usd eur eurusdanalysis eurusd1hr eurusdlongsetup eurusdsell eurusdforecast
Sell below 1.0800. Stop loss at 1.0880. Take profit at 1.0708.
Reason for the trading strategy (technically):
Price reacted really nicely from our selling area. We remain bearish below major resistance at 1.0800 (major horizontal resistance, Fibonacci projection) for a drop to 1.0708 support (Fibonacci retracement, horizontal pullback support).
Stochastic (21,5,3) is seeing a reaction off our 93% level of resistance.
RSI (34) is also seeing a reaction off our 65% level of resistance.

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