The EUR/USD pair has crashed for five straight days as the US dollar has staged a strong comeback. This sell-off intensified on Monday after the US published strong retail sales numbers and after the weekend attack on Israel. It crashed to a low of 1.0630, its lowest swing since November 3rd.
Bearish view:
- Sell the EUR/USD pair and set a take-profit at 1.0550
- Add a stop-loss at 1.0695
Bullish view:
- Set a buy-stop at 1.0650 and a take-profit at 1.0700
- Add a stop-loss at 1.0550
Guys, what do you think? Leave a comment with your thoughts.