Hi all, Looking to short EUR/USD as EUR is currently weak and USD strong. Previous demand (structure) have been taken out by the sellers creating a fresh leg 1 meaning that the sellers are back in control for further downward momentum. Currently awaiting pullback to supply for entry.
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Fed Interest Rate is coming out today 19:00 GMT+1. Expecting EUR to spike up if the rates are unchanged as that is what price did last time. In this case of event I am looking to go short at 1.1316 instead of 1.11.
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Currently running 149p, SL moved to a minimum of 50p profit.