Sell EURUSD bounce to 1.42
I think the EURUSD has finally shown willingness to break below its multi-month range; it's broken conclusively below the ascending triangle dating back to its lows on July 12 and looks to head lower. I'd like to sell a test of resistance at previous congestion of 1.4200 with first target at August lows of 1.4050. I like the position as long as we stay below previous spike-lows of 1.4320. If we break 1.4050, a fall towards 1.3800 seems likely.
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