MahmoudMagdy

EURUSD SHORT TO 1.0710

Short
MahmoudMagdy Updated   
FX:EURUSD   Euro / U.S. Dollar
ENTRY PRICE : 1.0830
SL : 1.0890
TP1 : 1.0770
TP2 : 1.0710
Comment:
Re-enter from 1.0920 SL : 1.0960
Comment:
#EURUSD Every time the D/1 MA50 is tested (and marginally broken), EURUSD reverses. The D/1 pattern is a Channel Down (MACD: -0.002, ADX: 14.618) with the 1st Support set at 1.0780 and Lower Low extension (last time failed to make a Lower Low though) at 1.0680. A lot of market movers to take into account tomorrow: German ZEW Economic Sentiment, U.S. Building Permits and Powell's Testimony.
Trade active:
TP EDIT TO 1.0780
SL : 1.0960

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