EUR/USD - Downtrend, the price is still bellow the diagonal support on Daily chart.
Choppy trading with possible sharp movements.
Formation: False breakthrough, after the price went above 1.1377 and reach 1.1385 and than went back bellow the drilling bar, which give me a signal for possible decrease with first target 1.1048 - lower support of the double top. To minimize the risk i will wait a little correction to 1.1346, where i will entry Sell with Stop a few pips above 1.1385: Sell in the direction of the trend, after correction, after formation with close Stop.
I choose to minimize the risk because in the last 2 days the currency pair is trying to drill an important levels of resistance - diagonal - 2 times. That increase the risk to drill at the third time and that is why i will be defensive. Breakthrough above 1.1385 will change the sentiment.
Another more conservative way for trade here is only after breakthrough on one of the levels 1.1385 for Long and breakthrough bellow the diagonal support for Sell.
At the moment is risky for position, the volatility will accompany the currency pair. Possible sharp movements in the two ways.
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