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TradeHuntFx
Jan 19, 2017 11:48 PM

EURUSD - Bears are building the pressure Short

Euro Fx/U.S. DollarFXCM

Description

An interesting day for both of these currencies as they came under the effect of major scheduled fundamental events.


1.5800-1.6000 looks to be a critical level with a break could see this pair fall to a 1.03500 at a minimum

A break off 1.7500 can lead to 1.0800 and ultimately 1.08500. I doubt we will see these highs as between CMP and 1.7500 sit alot of sellers.

That being said, the USD is reacting to every trump speech at the moment and with the auguration tomorrow, beginner traders may want to sit this trade out and wait for the 'trump effect' to calm.

Comment

22 pips in profit...looking to solidfy all positions before trumps speech

Trade closed: stop reached

Closed out at break even.
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