Chart in Focus: Daily EURUSD
The EURUSD firmed up a bit on Friday, moving modestly higher. Overall, the daily chart trend is still down, and so we want to look to trade in-line with that downtrend by waiting for a price action sell signal from resistance. If the market retraces back to the 1.3480 - 1.3510 resistance area, we will watch closely for a pin bar or fakey sell signal to trade back in-line with the downtrend.
The EURUSD firmed up a bit on Friday, moving modestly higher. Overall, the daily chart trend is still down, and so we want to look to trade in-line with that downtrend by waiting for a price action sell signal from resistance. If the market retraces back to the 1.3480 - 1.3510 resistance area, we will watch closely for a pin bar or fakey sell signal to trade back in-line with the downtrend.
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