EURUSD: Closed short trade at B-E

10.16 gmt

The price action after the drop earlier is not consistent with a move lower. Also to note is the strong support at 1.2880 due to the 200 sma near by. This is forming the right shoulder of a potential Inverse H&S so the smart trade here is to go long.

I might wait till NY opens before thinking of going long.

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