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Faraday: Shorting EURUSD ahead of Fed rate decision

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Faraday analyst Thomas Light outlines his shorting strategy in EURUSD. Against a background of a long-term downtrend, the pair has been going through some "choppy consolidation" according to Thomas.

Expecting prices to push into 1.1100, Thomas is placing a limit order to sell eurusd at 1.1090 with stops well out the way at 1.1250.