MarcellusLUX

EUR/USD trade idea for the week

Short
FX:EURUSD   Euro / U.S. Dollar
Previous idea to sell EUR/USD@1.2173 worked out quite well generating 110 pips profit
(idea attached below). Currently, price is still in the resistance level.

However, it might have some more uptrend left before a bearish reversal takes place.
If there is bearish price action at this resistance zone, selling EUR/USD@1.2160-1.2200
with SL above 1.2250 and TP at 1.20 would be a potential sell set-up.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.