EUR/USD Forex Signal: Bearish Below $1.0195

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Breakdown below supportive trend line confluent with resistance.

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August, I noted that we were seeing the price sell off continuously following the spike up to the $1.0350 area.

This call was not useful during the day, but the next morning when $1.0294 was first reached, a long scalp could have produced a few pips of profit. The best trade which might set up here today will likely be a short trade from a bearish reversal off $1.0195 – if the rejection also touches the $1.0200, that will be even better.

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