Forex Strategy: EUR/USD Short Trade Setup Sought
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- EUR/USD Technical Strategy: Pending short, waiting for confirmation
- A Bearish Engulfing candle pattern below a channel top set from April ’08 hints at weakness
- We will look for confirmation on a close below trend line support to look for short setups
Confirm your chart-based trade setups with the Technical Analyzer.
Weekly Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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