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EUR/USD: v.short-term trend unclear but biased to down-side

   
The very short-term trend on the 4-hr chart has reversed and turned bearish.

It has broken below a trend-line and formed two lower lows and two lower highs.

It will probably continue down towards the next support level situated in a zone between support and resistance at 1.1034 and the monthly pivot at 1.1002.

If the exchange rate reaches this level, there is a strong possibility it will pause to consolidate and possible resume the broader up-trend.

Given the confused analysis of the four lengths of trend, the fact they are out of sync, and the lack of space before support emerges at 1.1034 , I would not at this time advocate trading in the direction of the v.short-term trend.
EURUSD05

   
The very short-term trend on the 4-hr chart has reversed and turned bearish.

It has broken below a trend-line and formed two lower lows and two lower highs.

It will probably continue down towards the next support level situated in a zone between support and resistance at 1.1034 and the monthly pivot at 1.1002.

If the exchange rate reaches this level, there is a strong possibility it will pause to consolidate and possible resume the broader up-trend.

Given the confused analysis of the four lengths of trend, the fact they are out of sync, and the lack of space before support emerges at 1.1034 , I would not at this time advocate trading in the direction of the v.short-term trend.
EURUSD05



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