EURUSD Short Setup - Resistance Trade Towards 1.1600. for CMCMARKETS:EURUSD by Forex_Insights_Pro

EURUSD is currently trading around 1.17200 and approaching a key resistance zone at 1.17350. I am looking to take a short position from this resistance level.

🔹 Trade Plan

🔴 Entry (Short): 1.17350

❌ Stop Loss: 1.17935 (above resistance)

🎯 Target: 1.16000 (support zone)

🔹 Reasons for Short Bias

Price is approaching strong resistance.

Overextension visible after recent bullish move.

Favorable risk/reward ratio with stop above resistance.

Potential rejection could drive price toward strong support.

⚠️ This is my personal analysis. Please manage your risk properly and trade with confirmation.

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Regards: Forex Insights Pro.

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