EUR/USD
Strategy: Pending Short
EURUSD looks to be on track to set a double top 1.5065, the RSI oscillator clearly divergent with the new highs in price action. The long-term charts are also supportive, having shown a formidable Bearish Engulfing pattern two weeks ago that has yet to be invalidated. We will look for confirmation of a trend change on a daily close below support at a rising trend line established from the lows in March (now at 1.4790) to establish short.
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