Dollar shown signs of strength pushing the euro down quite a bit that it even managed to break the uptrend. We have a support waiting for us quite near and we should see a traceback of a few pips. For now I have a small short position already in place in case of a sudden dip, but I will be leaning towards adding more towards this position on a traceback if it occurs, of course only if the candlesticks will hint bearish movement.
Note
Everything went according to plan.Trade closed: target reached
Note
2nd support was retested and acted as a resistance. Downwards movement is expected.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.