EURUSD: Looking to Add to Short
I initially sold EURUSD at 1.3526 and revised my stop-loss to the breakeven level after the pair met our first objective at 1.3144. Prices are now showing a bullish Three Inside Up candlestick pattern above support at a falling trend line connecting key swing lows since November, hinting an upswing is ahead. I maintain a bearish bias and will look at any corrective gains as an opportunity to add to the short position. Initial resistance lines up in the 1.3144-1.3231 region.
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