EURUSD: Monthly short setup

FX:EURUSD   Euro / U.S. Dollar
We can short at market, and add if we hit 1.13591. Stop loss for all orders is 1.14461. Risk 0.5-1%
We could be ready to resume the monthly downtrend after this rally in the Euro             .

Good Luck!

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Ivan Labrie

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Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance             on such information.
Comment: FXE helps clarify the levels here.

A drop under all these would warrant a big drop is in order. Aiming for 0.9576.
Comment: Both orders filled ('don't be a d... for a tick')
You can short the 2nd order now, and cancel the pending order, it fell short by 2 pips.
Comment: It appears the forecast was correct so far.
IvanLabrie Rocketman
Fundamentals and the monthly trend agree...we needed a big rally in the daily to trigger the perfect entry, and here it is.
Rocketman IvanLabrie
Yes! I've already took a small test position in the EURUSD. Waiting to add 3 microlots:
IvanLabrie Rocketman
Good idea, let's see if we get higher prices to short more.
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