EURUSD - Long and Short Positions and Why

FX:EURUSD   Euro / U.S. Dollar
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As you can see from our RSI indicator we are trading in a sideways pattern so we have placed a long and short position to accommodate for either type of breakout. Both SL are placed on past support and resistance levels. The MA50 is heading down to the MA200 and based on past history this usually ends in a MA50 cross down below the MA200 so we are leaning more towards are short position being executed, but our long is still in place in case the market turns upward.

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This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
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