EURUSD rejected from the upside resistance
EURUSD has been rejected from the upside resistance 1.21000 and is swinging lower in a broadening wedge. This could be a good position for a short trade entry. A break below 1.2020 is required for the downside reversal and a downside extension to 1.17000. We need to wait for a break below this level to avoid potential volatility stops hunting.
Note – take a short trade entry with the stop loss above 1.2070 in the case of a break below 1.2020
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