SELL EUR/USD at market ( 1.1385)

11 apr 2016

Last Fridays weekly candle was a doji indecision candle and with signs of tiredness on other EUR pairs we could be seeing the first signs of an EUR reversal. Price is crossing down through a long established trendline on the daily time frame and the RSI on DTF is moving out of o.b and headed south.

I'm in this market SHORT from 1.1384 with a tight STOP at 1.1404.

Target is open though I expect a run at the 200 sma on DTF at 1.1060.