Possible Short Position for EURUSD

Possible short position for EURUSD. Price has been clearly moving below both the 200 EMA and the 50 EMA in a smooth downward trend. Price has also been rejected at a local support turned resistance line, indicating a short bias. Tiny stop loss of around 15 pips has been set with an optimistic Take profit of around 100 pips, good Risk to Reward ratio. Keep an eye out for updates. EURUSD

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Got hugely spiked out, but price is making its way down now.