Euro / U.S. DollarShort
End of rally?
EURUSD has corrected rapidly in last couple of weeks to slightly above 1.04 now. This level coincides with some resistance levels, like the 200d MA and a fibonacci retracement level. Also, the RSI is around a level of 70, which may point to some resistance. Finally, there is also a (very) weak downward sloping trend line, but it's hard to consider this trendline significant.
For short term position a short position could be considered.
For short term position a short position could be considered.
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