Currently trading in between EMAs and after bouncing from the support lower trendline of the current descending chanel, I would consider shorting around 1.1935 till we reach the target at 1.1610-1.1600.
I remain bearish on the EURUSD pair from the fundamental POV and expecting to trade in few months around 1.12 rather than above 1.20+
Cheers
I remain bearish on the EURUSD pair from the fundamental POV and expecting to trade in few months around 1.12 rather than above 1.20+
Cheers
Trade active:
Nothing new here. Just waiting to hit my entry point and ride along to the target-
Trade active:
Better than expected data was released today in USA but yields kept falling dragging USD with it. My entry point was located at around 1935 area and we hit 1955. Opened positions at 1947 with hedge above 1.2010 (I rarely use SL).