EURUSD: Market Volatility Persists

EURUSD
Timeframe: 1D
Direction: Short

Confluences for Trade:
- Waning bullish momentum
- Price action at Resistance of Parallel Channel
- Price close to a Horizontal Resistance Line
- Price reversing off a retracement of the 38.2% Fibo line
- Stochastic Overbought momentum
- Fundamentally, EU-Italy impasse still remains and concern about global growth outlook creating abit more volatility in the markets

Suggested Trade:
Entry @ Area of Interest 1.1415 - 1.1475
SL: 1.1509
TP: 1.1278
RR: Approx. 2.01 (Depending on Entry Level)


May the pips move in our favor! Good luck! :D

*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.

Trade active

Comment:

Lock in half profits and move SL to BE.

Run remaining position totally risk free.

Trade closed: target reached:

:D