Euro / Dollaro
Short

EURUSD - Is it time to go back to previous lows?

263
I'm looking to fade this rally based on the above information. I'm going to let this trade run its course, and trail 50% of my position to the moving averages, if primary target is hit. The next support is highlighted in the smaller area between 1.285 and 1.29. This is where I will watch for any reversals.

Of course, if it doesn't work out. I get stopped out and then we either stay in a range for a bit longer, or continue higher (if USD breaks down further).

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