Daniel.B

Rejection at resistance / Moving Average

Short
FX:EURUSD   Euro / U.S. Dollar
13
Well you probably saw my prior post on the dollar, but as I stated a pullback to previous support turned resistance is likely this week for the dollar. Which would make sense with EUR/USD's chart looking like this. Anyways, I'm short with the first target being 1.1000 and the rest of the position being left to run free. Once target one is reached I will move stops to break even and letting the bulk of the position to run free. If 1.1000 holds then we can see a retest of the Daily 100 Moving Average.
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