On the EURUSD daily chart, we can see that the pair seems to be forming the triangle and is testing again the strong resistance 1.2530-1.2550 zone. Rejection from this zone could bring the pair lower into the 1.2250 level again. The daily close above the 1.2550 is required for an upside extension.
Note: look for the short trade entries with the SL above the 1.2550 level
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