I am not chasing a EUR/USD short so close to the USD CPI print. Price has closed above the daily uptrend line and the daily breakout/weekly high at 1.0660 is a little too close for comfort. If anything, consider EUR/USD long at 1.0660 with a very tight stop. Next major support at 1.0638, the last weekly close and before price went up to 1.1032.
Potential retracement as high as 1.0831, a breakdown level that has not been retested on the daily chart.
Potential retracement as high as 1.0831, a breakdown level that has not been retested on the daily chart.
Comment:
Closed long position at 1.0724 for 64 pips profit.