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Forex Strategy: Waiting to Trigger EUR/USD Short

Forex Strategy: Waiting to Trigger EUR/USD Short

Ilya Spivak, Head Strategist, APAC

The Euro tumbled against the US Dollar having tagged the highest level in nearly two months, making a bid to form a double top at 1.3932 (March 18). Rising trend line support comes in at 1.3804, and I will look for a daily close below this barrier as confirmation to begin looking for selling opportunities in line with my long-term fundamental outlook.

SEE CHART HERE

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