FXguidingLight
Short

EURUSD scenarios for the week ahead

FX:EURUSD   Euro Fx/U.S. Dollar
a year ago
EURUSD            
Seasonally we see EUR making a swing low late in October.
We have seen the downward move last week and could see the low form early this week.
Price has approached the 1.1000 round figure, we'll see if this area holds to form the swing low which we expect.
Looking for early week entries which have a few days to work themselves out.
Early in the week, we are looking at 1.0950 for a long entry, with a targets of 1.1080 1.1140 and 1.1290
If price continues lower than 1.0950 early in the week, we would like to see 1.0800 get stophunted before considering any long setups.
If early in the week, we see prices go higher, we'll be interested in shorts from 1.1090 1.1140 and 1.1300, with the final target of 1.0800

So this translates to 2 scenarios,
1) an early week move higher, then a move under 1.0800
2) an early week move lower, then a move higher to 1.1300.
Eventually we still think 1.0800 is a target for the EURUSD             before any large moves higher.
a year ago
Trade closed: target reached: Short entered at 1.1080, less than 20 pips MAE before it went our way big time, scaled out along the way with the majority out at 1.0950 for +130 pips. Still holding a very small part of the position for 1.0800, stoploss moved to breakeven.
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