A clear breakout of a descending wedge targeting the next fib level at 1.28. Let's see if this holds!
Trade active:
Nice 0.15% increase d/d, but the situation is worth monitoring given the possible ES selloff. So far, however, it seems this current S&P 500 selloff is not driving the dollar index higher - which would make sense if this is a deflationary move. So there is no reason to close the Euro trade - yet.
Moved stop up to in the money (1.212) given this situation.
Moved stop up to in the money (1.212) given this situation.
Trade closed: stop reached:
Stopped in profit at stop loss mentioned previously. Holding for now while I watch what stocks are going to do.
Comment:
bad trade actually execution for minimal profits, but the analysis has held nicely.
Comment:
Trade reentered after bouncing off support 1.201 for a second time.