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We're short the Swiss Franc (@SF) with an entry on 4/13/16 at 1.0422. Current open trade equity as of 4/22/16 is at $2,300.00, and we expect this market to continue to move down in the upcoming weeks... . For our current trade recommendations and market entry points and 30 days of free trades please visit takeatradeonline.com.. .
The EURUSD was indecisive yesterday but overall still able to maintain its bearish bias, made another lower high and low. The bias remains bearish in nearest term testing 1.0950 as a part of the bearish scenario after formed a shooting star formation as you can see on my daily chart below. A clear break and daily close below 1.0950 could trigger further bearish pressure targeting 1.0800 area. Immediate resistance remains around 1.1070 (former support)(visit my profile for more details). A clear break above that area could lead price to neutral zone in nearest term testing 1.1120 but overall I prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.
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