EURUSD H1 Chart Technical Overview and Trade Opportunity

EURUSD H1 Chart Technical Overview and Trade Opportunity

We keep our existing short positions after taking partial profit and we have additional short setup for intraday traders.

You can follow our latest short setup: EURUSD Harmonic Overview and Short Opportunity

The U.S PPI and Jobless Claims Data will be released in an hour. A better than expected data may trigger the bearish move.

We plan to add short positions at the breakout of the triangle ( 1.12680 )

Our SHort Setup is:

Short at 1.12680

Stop: 1.1292

Target 1: 1.12550 / Reached

Target 2: 1.12430 / Reached

Target 3: 1.12200

Target 3: 1.11800

Update: TP1 Reached

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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

EURUSD: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility