EURUSD: Remain Short if Prices Correct Higher
I initially sold EURUSD at 1.4881. Positioning is little changed from last week, with prices continuing to edging sideways above the 1.35 level. Positive RSI divergence remains, leaving the possibility of a corrective upswing on the table. I see any such outcome as corrective however and will remain short, looking for a move below 1.3404 with a stop-loss activated on a daily close above 1.4251.
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