EurUsd in the long term is positive, but at the moment 4 hour chart has a small bearish Flag. Break down from this flag and price should test previous resistance, currently support level at ~1.0950. At the same level long term rising trend line appears. At the moment I am still short at this market, but one more position below flag I am ready to take, with the stop above the flag.
Note
Lowered the stops to 1.1188.Trade closed manually
Closed short positions, I will re-enter if market will give a signal. I still believe market is negative.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.