EURUSD--Update 8...Channel Support @1.0925

FX:EURUSD   Euro / U.S. Dollar
47 0 3
As per previous update-"alternate count"--we had long positions above 1.1012 for target zone 1.1080--1.1090...but EU -just went to 1.1040 high & has a sharp fall...breaking 1.0970--Mark which was our trigger point for going short...

Trading Strategy -- Below 1.0970...EU possibly to travel in the zone 1.0910--1.0925...where falling channel will support EU...if EU breaks 1.0911 previous low made on brexit day & even breaks the channel on downside then look to hold your shorts else falling channel shall support EU's downfall in the zone 1.0910--1.0925 & we can expect a bounce back to same zone back..1.0970--1.09725...

Regards, Abhishek             H.Singh, CMT
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
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