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A Trading Idea for EURUSD

Tuesday, November 21, 2017 8:29 AM GMT

EURUSD is forming higher highs and lows indicating a bearish bias on the hourly timeframe. According to the 200 SMA, the intraday trend remains upwards. Bulls need to hold 1.1725 intact while bears like to violate it to the downside.

We have noted a decent support zone where we are expecting a short-term bounce if price finally continues lower. Always review your own analysis, if there is a confluence between this and your own strategy, then you may have even better trading setups.

Hourly

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