Nixxflixx
Long

EUR long on the right trail?

FX:EURUSD   Euro / U.S. Dollar

Good morning,

Looks like the EUR is finally out of its 10 months descending wedge , reversing its downtrend. What is helping the EUR finally push out? Could it be the political turmoil in England over Brexit? The US -China -Mexico dispute? None of this truly matter, its already priced in and all we have to do is look for a good entry and a good exit.

I shall take on the risk of entering at the high of days @ 1.1320 with a stop loss @ 1.1250 and a take profit @ 1.1420.

Good luck
Trade closed: stop reached: Good Friday,

US retail figures did happen to be better than prior and expected. Dropping EUR to my top loss @ 1.1250. A loss of 70 pips on this trade. No problem, will restart new week on a fresh note.

Have a good weekend
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