EUR/USD STRUCTURE BREAKDOWN|SHORT

15 ביולי 2020

EUR/USD has broken out of the upward diagonal channel, and ignored the double top it should have formed with the last high.

Now, it is entering the big resistance area, thus, despite the recent strength, the target trade is a short
+RSI near overbought which is a bearish signal.

The pair might move further up from the current level, so I am not giving any precise entry point right now.

However, a short towards the first support at least will be a good trade.

Watch the price action closely, the opportunity for a short must present itself, and now you are aware of it, thanks to me.

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