EUR/USD – daily resistance today is level of 1.1350, from where is expected additional bearish activation. The chart illustrates that the motives for a double top – neckline 1.1100.
Bollinger Bands and Moving average /13period/ are hourly support to the level of 1.1220, while Moving average /200 period/ defines daily support 1.1100.
Position SELL – entry point 1.1300-1.1330 S/L above 1.1400 andtarget 1.1220 /hourly support/. When use trailing stop /25 pips/, can be extended to target 1.1100 /daily support/.
Jn Trader Tenev
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