EUR/USD
Strategy: Pending Short
The downward EURUSD reversal that we have been looking for appears close to finally materializing. Prices have put in a bearish Dark Cloud Cover candlestick formation and are now on the verge of taking out near-term support at the bottom of a rising channel that has guided the pair higher since August. We will enter short on a close below this juncture (now at 1.4849).
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