ForexTrendline

EURUSD with a breakout

Short
FX_IDC:EURUSD   Euro / U.S. Dollar
Yesterday we saw a breakout of the 1,1580 support and that led to a further drop down to 1,1528.

Now we expect to see another move down to 1,1510.

We don't currently have any entry opportunities on H1 due to the not so good risk to reward ratio.

If you will be using an aggressive SL on a rejection of price action, then you can look for an entry on a lower timeframe.

We chose another 4 instruments in which to participate and we're also monitoring another 2 for potential entries.

Don't forget that tomorrow NFP is coming out and we will see some big moves!

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