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EURUSD Price Rejection

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Euro / Dolar A.S. (OANDA:EURUSD)  
BluetonaFX  
OANDA:EURUSD   Euro / Dolar A.S.
Support and Resistance Moving Averages EURUSD shortsignal Forex forexmajors forexsignals marketanalysis chartanalysis priceaction fxmajors
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supportandresistance movingaverage eurusd shortsignal forex forexmajors forexsignals marketanalysis chartanalysis priceaction fxmajors
Hi Traders!

EURUSD has had double price rejection at the resistance, and there are shorting opportunities near the resistance to target support levels below.

Here are the details:

There is double price rejection at the 1.09986 level, which tells us that bearish demand is currently too strong in this area.

We are looking for a momentum price break and a close below the 20 EMA.

Preferred Direction: Sell

Technical Indicators: 20 EMA

Resistance: 1.09986
Support 1: 1.09102
Support 2 (monthly low): 1.08770

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Trade safely and responsibly.

BluetonaFX
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