EURUSD: Bounce Seen Ahead
I initially sold EURUSD at 1.3121 and added to the position at 1.3026. The pair sold off after forming a bearish Harami candlestick pattern and I have subsequently revised my stop-loss to be triggered on a daly close above 1.2865 after prices overcame my second objective. Positive RSI divergence now suggests an upswing is ahead, which I will treat as an opportunity to add to the short position once the correction is exhausted. The 1.2674 level has been recast as near-term resistance.
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