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peterbokma
Jun 8, 2023 6:07 AM

EURUSD- SELL strategy Short

Euro Fx/U.S. DollarFXCM

Description

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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