EUR/USD Weekly Forecast (3th August - 7th August)

FX:EURUSD   Euro / U.S. Dollar
On the EUR/USD pair, we run a long-term short trade again. Engulfing pattern on a daily chart , RSI divergence on a 4-hour chart, the nearest key level is far enough for a great Risk-Reward ratio. This idea is similar to the USD/CHF pair. If you want to trade the dollar strengthening on both charts, beware of cumulative risk!
Trade closed: stop reached


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