EURUSD: Sell opportunity on the 1D Lower High.

The price has entered the Lower High zone of the 1D Channe Down (RSI = 52.750, MACD = -0.002, Highs/Lows = 0.0004) and according to the inner/ outer sell trend lines, two short entries stand out: 1.13500, 1.13850. Based on the long term trend of this channel, the price should now reverse towards a new Lower Low below 1.12000. It is best however to structure a safer approach ahead of this weeks events (Fed Interest Rate, new Brexit vote) and split the positions into two targets: TP1 = 1.12905, TP2 = 1.12000.


See below our previous studies successfully calling the Highs and Lows on this 1D Channel Down:






** If you like our free content follow our profile (www.tradingview.com/u/InvestingScope) to get more daily ideas. **

Comments and likes are greatly appreciated.