EUR/USD bulls taking a breather, chance for the bears?
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EUR/USD bulls are taking a breather for the past few days. Price has been hovering in the 1.2250 level.
Looking at the price action, it seem like the buyers are finally running out of steam. So, look for sell entry@1.2250-1.2340 with SL above 1.24 and TP at 1.18.
This is a long-term set up. Short term traders can switch to the lower TFs and to get their entry right.