EUR/USD may reach 1.0580 level as long as the resistance holds
Hello traders, in the daily chart, EUR/USD is now below the 100-day
exponential moving average level. In addition, the price has also reversed
from the top of the price channel.
A combination of these two factors may limit the upside in EUR/USD. As you
already know, we have already sold EUR/USD@1.0746 level on Monday( as per
my previous idea) and booked profit 1.0665 level.
My trading plan in EUR/USD is to sell the rallies as long as price stays below
the 1.0750 level. Initial target would be set at 1.0580.
exponential moving average level. In addition, the price has also reversed
from the top of the price channel.
A combination of these two factors may limit the upside in EUR/USD. As you
already know, we have already sold EUR/USD@1.0746 level on Monday( as per
my previous idea) and booked profit 1.0665 level.
My trading plan in EUR/USD is to sell the rallies as long as price stays below
the 1.0750 level. Initial target would be set at 1.0580.
Commento:
Price has dropped 15 pips since I posted
Commento:
Sell limit placed at 1.0720 and 1.0750
Trade attivo:
Sold@1.0720
Commento:
17 Pips running profit
Commento:
50 pips profit hit, partial profit taken
