Strong Bearish Signal via Kijun Sen Cross on EURUSD

After hitting the upper slope, looks like EURUSD is bound to hit the support. So far so good for those who shorted this pair. While we have the downward slope, we also have the Kumo moving down which will act as resistance. Today it shows a strong bearish signal via the Kijun Sen Cross.

Looks like there is still a lot of room to gain before it will reach the support level.

Caveat!

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felix

A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

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