EUR/USD may reach 1.0580 level as long as the resistance holds

Hello traders, in the daily chart, EUR/USD is now below the 100-day
exponential moving average level. In addition, the price has also reversed
from the top of the price channel.

A combination of these two factors may limit the upside in EUR/USD. As you
already know, we have already sold EUR/USD@1.0746 level on Monday( as per
my previous idea) and booked profit 1.0665 level.

My trading plan in EUR/USD is to sell the rallies as long as price stays below
the 1.0750 level. Initial target would be set at 1.0580.

Comment:

Price has dropped 15 pips since I posted

Comment:

Sell limit placed at 1.0720 and 1.0750

Trade active:

Sold@1.0720

Comment:

17 Pips running profit

Comment:

50 pips profit hit, partial profit taken