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lavishlunch

EURUSD upwards correction losing strength reversal down

Short
Euro / U.S. Dollar (OANDA:EURUSD)  
lavishlunch Updated   
OANDA:EURUSD   Euro / U.S. Dollar
Trend Analysis resistence short EURUSD eurusdshort
4
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trendanalysis resistence short eurusd eurusdshort
EURUSD looks like to be losing steam after hitting 1.1040

Great risk-reward opportunity

Sell below 1.1040 stop-loss 1.1050
Initiate trailing stop-loss below 1.1000 with target 1.07....

If we head above 1.1045 I would take risk of the table and watch
Comment:
The Euro made a fake breakout upwards and looks to be down trending again. Hopefully the downtrend continues could depends on US data release today. Important area for this pair
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