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peterbokma

EURUSD- SELL strategy

Short
Euro / U.S. Dollar (FX:EURUSD)  
peterbokma  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis
2
0
trendanalysis
No change in view. I feel we will move lower to reach around 1.0500 handle short-term. We are below CLOUD resistance and this creates sell pressure.

The RSI is neutral to negative and DMI is negative still.

For now, SELL @ 1,0725-1.0750 and place stop-loss above 1.0865 (trend line). Profit order @ 1.0527.
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