EURUSD - Price Action Suggests a Sell On Rally | May 27

eurusd

EURUSD – Looking to Sell (4hr chart)
Although we saw a price action exhaustion spike lower followed by a false break and bounce back up towards 1.09, I’m suspecting the Euro will be sold on pullbacks, so am looking to sell on a rally.

My pullback zone I’m looking to get short around is 1.1070 as this is a key role reversal level. Downside I’ll be targeting 1.09 and 1.0827. Only a daily close above 1.1070 negates my bearish bias.

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