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EURUSD last chance for intraday short positions

EURUSD fx24

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EURUSD tests the bottom of the Asian session, and the likelihood of a new downward momentum is on the rise. This is the last good price for short-term daily short positions.

It seems the fear of a trade war creates prerequisites for new purchases of green money. If the break below 1.1619 turns out to be fake and the price stays on top, we can expect a new test at levels of 1.1650, but for now the short positions remain logical.

Later today, at 17:00, we expect a statement by Fed President Jerome Powell, with yesterday's US currency rising sharply. Any price in the last blue zone that outlines the Asian hours is appropriate for new short-term short positions.

Chart: Used with permission of Bloomberg Finance L.P.


 Trader Nikolay Georgiev

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