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Coleman: Shorting EURUSD and here's why

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Ian Coleman is shorting EURUSD, aiming to sell into rallies. Despite long-term bullish bias in the Dollar Index, a possible correction is expected after the latest Fed minutes. The pair has seen a  break of the daily corrective channel formation, the daily chart highlights a correction count on DeMark as well as an exhaustion count.

Ian also notes that EURUSD hit a Fibonacci level, a 127.2% extension level at 1.0926, with the Fed highlighting scope for a December rate rise. 

Sell at 1.0980
Targets: 1.0926 1.0900
Stop: 1.1010