Recently EURUSD price broke a technical pattern (the Parallel Channel) and it has also been retested with a clear reversal of the price from the test area. Therefore, we can sell from the current market price by targeting the 1.1600 levels while paying attention to the 1.1800 level, as crossing it means failure of the analysis.
alright this makes sense. I've shorted EURJPY instead today and already booked profits.
Maybe re-enter the market on sell side again on Friday, see what we get!
karzan
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@ProjectSyndicate, THANKS, shorted both EURUSD & EURJPY , I have 50 pips profit in each and they are still active.
Maybe re-enter the market on sell side again on Friday, see what we get!