JamesZhang
Short

Short EUR/USD Right Away Without hesitation

FX:EURUSD   Euro Fx/U.S. Dollar
110 1 3
  • As I mentioned on last chart, I closed my long order which was built on the bottom line of up-trend channel, and opened my short order immediately last week before the market closed.
  • The price gaped down a little once the market opened today.
  • Since the price is moving under the MA lines of 100&200 days, and broke the last up-trend channel in Day Chart, I suggest that open Short order right away. Put your SL above the 200 day's MA about 1.11000, looking forward to first target of 1.0700, and second target of preview low of 1.052.
  • To be continued.
Comment: It's moving to first resistance of 1.0800.
This is the chart that I gave last week when the EUR/USD pulled back to bottom line of up-trend.
Long EUR/USD with A New Up-Trend Channel
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