Morning traders
After a surprise to the upside for European PMIs this morning (growth indicators) and being very oversold EUR has popped back to resistance around 1.1250 where it sold off from on Monday and as per chart is a resistance zone dating back.
This is higher risk trade so we are keeping tight stop on our trade but this mornings pop higher looks overdone. We are bang in middle of the down trending range.
Chart hopefully self explanatory
After a surprise to the upside for European PMIs this morning (growth indicators) and being very oversold EUR has popped back to resistance around 1.1250 where it sold off from on Monday and as per chart is a resistance zone dating back.
This is higher risk trade so we are keeping tight stop on our trade but this mornings pop higher looks overdone. We are bang in middle of the down trending range.
Chart hopefully self explanatory
Trade active:
Trade closed after trading down to take profit 1 then back to entry
