EURUSD: Sell opportunity. Timing the next Low.

EURUSD has been trading on a 1W Channel Down (RSI = 39.819, MACD = -0.007, Highs/Lows = -0.0051) since the start of 2019 and is currently testing the 1.1110 - 1.1130 1D Support Zone. As seen on the chart, every Lower Low is roughly the same distance from the previous Lower Low sequence, which enables us to roughly time the next point. With the 1D MA50 acting as a Resistance and Sell Signal every time the price crosses it, we are again on the sell side targeting 1.10500.






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