Short term (Intraday)

1,3610. EUR/USD currency pair broke 1,3720 support. EUR/USD currency pair is in an downtrend directed by 1H exponential moving averages. The volatility rises. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR/USD currency pair. The downtrend should continue to gather momentum.

We could take a short position at 1,3650. We will put the stop loss above 1,3740 (-90 pips). The targets are 1,3540 (+110 pips, risk/reward 1:1.2), 1,3500 (+150 pips, risk/reward 1:1.7) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.

Resistances 1,3660 – 1,3785
Supports 1,3600 – 1,3540

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