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New Forex Trading Signal: Sell EURUSD @ 1.1195

Sell EURUSD @ 1.1195. Take profit targets @ 1.1100 and 1.1070

Stop loss @ a close above 1.1250


On the 4 hours chart, the EURUSD reached the resistance level formed last week and it’s showing weakness as the RSI is diverging from the moving average around the 70 zone. Moreover, the pair formed a bearish engulfing pattern on the daily chart confirming that market participants are trying to push prices lower.

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About Razi Hammoudeh

Razi’s professional experience was gained over the course of more than a decade working with leading Forex market makers in the Middle East, Asia and Europe where he learned about trading, financial instruments and global markets. Being exposed to the wide range of skills he acquired along the years, he continued to develop his trading strategies and further improving his track record in Forex trading. He used innovative business development strategies to find FXLORDS, helping it to rapidly become a major provider of education and trading tools to the successful trader. He is an enthusiastic individual, motivated by challenge and renowned for pushing the limits, always looking to gain some more experience and help as much as possible along the way.

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