EURUSD has rallied into its resistance level during a strong bullish move which is why I am looking for shorts in this currency pair. The rally was powerful as forex traders covered their short positions and I think it we will see a correction from the double top formation. I will enter more short positions every 20 pips higher from here until we reach 1.2380. I expect forex traders will seek good short entry opportunities in this currency pair and should have more than one entry in this trade in order to reduce risk.
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