PavanKulkarni

EURUSD - Short Setting up.

Short
FX:EURUSD   Euro / U.S. Dollar
With the FED Rate announcement just a day to go, EURUSD is approaching the sell zone. Although the move to the upside form now is really strong, we need consider that it is in a range and within the range, both the up and down legs are impulsive in nature and we cannot ignore the previous down leg and the larger trend on the chart. This gives us the most probable trade to the short side on the pair.

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