ForexTrendline

Possible correction for EURUSD

FX_IDC:EURUSD   Euro / U.S. Dollar
After yesterday's press conference, EURUSD briefly passed over 1.18. The return then allows for a price correction before new higher values.

We are at the end of the month and the moment is suitable for collecting profits, which will activate other closures and adjust the price.

Sales are significantly riskier, but with a good profit-loss ratio.

The most appropriate moment of entry is ...

Comments

Waiting for possible head and shoulder structure before going into sales. As you said there should be some profit taking and therefore correction before we see higher values. Good luck.
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