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Coleman: Shorting EURUSD after mild correction
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After a rally in the Dollar Index rally after last week's ECB meeting, EURUSD hit the top of a daily channel formation.
Following a mild correction yesterday, Ian Coleman is looking for more downside momentum
Recent mild net gains were inside the previous day's range forming an indecisive Harami candle.
Top of the channel formation is at 1.1087 which is also bespoke resistance.
Sell at 1.1087
Target: 1.0980
and 1.0900
Stop: 1.1117