Sell EUR/USD Channel Brekout

Updated
The EUR/USD/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.

Key Points:

Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum.

Target Levels:
1st Support – 1.0482
2nd Support – 1.0445

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Trade closed: target reached
Closed with Good Profit
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beyondtechnicalanalysisChart PatternsDXYEUREURUSDeurusdshortfundamental-analysisTechnical IndicatorssupportandresistancezonesTrend AnalysisUSDDJ FXCM Index

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