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Macrobriefing
Oct 31, 2022 9:27 AM

EURUSD Consolidation Breakout Short

Euro Fx/U.S. DollarFXCM

Description

The EURUSD is attempting to break out of this period of consolidation. The DXY confirms that the direction of travel this morning for the US dollar is higher, so the EURUSD sell signal on the 'Classic Retest' is valid.

Trade closed manually

took profits on the first entry

Comment

FOMC accelerated the euro lower, but not before they took the stops. Glad I got out when i did
Comments
Tradersweekly
Thanks for your view.
Macrobriefing
@Tradersweekly, no worries, hopefully it plays out
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