Euro / U.S. DollarShort
EURUSD Short
The EURUSD has been in a highly overextended move since Friday. The NFP data has played its part.
Now it's time to average the price again. Today Monday the EUR is already at the top of its average fluctuation range. I go short with 2 positions. 1st opend market and the next at 1.1012 Limit sell.
Stop for all positions > 1.1034
There is a possibility that the two liquidity zones can be taken.
But that is not certain. That's why I'll scale the trade over 2 entries.
Target 1.0855
Now it's time to average the price again. Today Monday the EUR is already at the top of its average fluctuation range. I go short with 2 positions. 1st opend market and the next at 1.1012 Limit sell.
Stop for all positions > 1.1034
There is a possibility that the two liquidity zones can be taken.
But that is not certain. That's why I'll scale the trade over 2 entries.
Target 1.0855
Note
EURUSD is still a bit stubborn, but by tomorrow at the latest it should build up more downward pressure.
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