ForexTrendline

What trades to take on EURUSD?

Short
FX_IDC:EURUSD   Euro / U.S. Dollar
During the last week we've been constantly talking about a possible reversal on EURUSD and potential selling opportunities.


If you have an active trade, then you can let it run and move the SL to breakeven.

If you don't currently have one, then we should get another entry again.
What we're going to be looking for is for price to break below the last week's lows.
That means a drop below 1,1800 and then a retest will be a good sell opportunity.

Stops could now be placed above 1,1855 and the 1,1760 level is getting closer.
Once you enter short you can then have a wider TP level and to follow our daily analysis to find out what are the next support levels.

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