EURUSD Heavy rejection on the 1day MA100.

The EURUSD pair got rejected today exactly on the 1day MA100, touching it for the first time since March 21st.

That took place very close to the Falling Resistance of the Bearish Megaphone pattern, which adds more selling pressure on it.

The ssell signal will be confirmed once the 4hour RSI crosses under its MA trend line.

Sell and target 1.07230 (top of Support Zone A).

Previous chart:

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