EUR/USD has broken down the minor up trend channel and is heading downward. In my technical point of view EURUSD will be in the next trading days within the drawn-down channel as depicted; thus the bottom must be hit/touched soon, which is then as my take profit zone.
I have put three short price levels for EURUSD , for a slightly pullback is possible and best short level should be there ( alternatively you can consider to short EUR/USD when it touches the upper drawn-down channel line.
S/l we set as default at the last peak at 1.1180.
For your info and also as reminder that my trading setup here for profit taking pls refer to my initial info at following link:
If my trading setup for each updated instrument would reach the average profit taking, secure levels, then consider yourself and decide how to deal with this according to the market situations at that time, instead of strictly remaining at the target zones.
If I am available to follow up with you, then I will give my comments below.
You can consider now about the secure of your short position according to the updated below in June 2016:
Read our blogs at:
So we keep waiting how the market will develop next week, whether I am right or wrong, no one from u swill be as troll :)