This morning EURUSD was a few pips away from its parity price. The downtrend is still strong and we will be looking for levels below 1,0000.
This strong psychological number will most likely cause a pullback due to profit taking and stop loss hunting. If this happens then it will look even better for short positions.
We're not looking to buy the EUR here on this pair!
Once we have a pullback, that's when we will be looking to sell again!
I agree with you, but my targets are different from yours. I wonder how you define targets for your strategy?
Lingrid
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Nice view! What SL would you recommend?
RLinda
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Nice job. You can be right. Keep it up)
Mihai_Iacob
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My idea for EurUsd, in the long run, is 0.85, however, at this moment a correction could follow and 1.015 (your target) is a reasonable one. I would expect a spike under parity and reversal before this correction though, not directly from 1, it would be too obvious :)