Trade active.
TP1: 1.16500
TP2: 1.16200
SL: 1.17900
R/R: 3.0
Supporting factors:
TP1: 1.16500
TP2: 1.16200
SL: 1.17900
R/R: 3.0
Supporting factors:
- S&P and DJIA up 0.3% and 0.6% respectively
- US CPI to rise 0.2%
- Weaker EUR economy, lead by weak German production
- Head and shoulders pattern
Comment:
First Fibo re-tracement reached - second opportunity to enter if you missed the first entry point.
Comment:
Looks like the Euro isn't going down without a fight. Multiple retests expected during the short.
Trade closed: target reached