Euro / U.S. DollarShort
Weekly Trading Perspectives: EUR Knights and Swords
Well, I'm running into some problems after my downward expectations on Friday's session turned to be false.
Nevertheless, watching on this chart, I see that we've hit a crucial resistance level, and there are still some market possibilities for downward inclinations. I am still betting on levels around 1.090, 1.082, and the uttermost 1.075, and my strategy includes bigger weight of short trades.
I. Defence Strategy Milestones:
R1 @ 1.10030
R2 @ 1.10360
IF defence strategy goes on stage:
1. SLs for long positions @ 1.0998, for fx rates >= 1.1006
2. SLs for long positions @ 1.1019, for fx rates > 1.1031
3. SLs for long positions @ 1.1035, for fx rates >= 1.1039
II. Attack Strategy Milestones:
S1 @ 1.093
S2 @ 1.088
S3 @ 1.0845
S4 @ 1.081 - 1.079
Nevertheless, watching on this chart, I see that we've hit a crucial resistance level, and there are still some market possibilities for downward inclinations. I am still betting on levels around 1.090, 1.082, and the uttermost 1.075, and my strategy includes bigger weight of short trades.
I. Defence Strategy Milestones:
R1 @ 1.10030
R2 @ 1.10360
IF defence strategy goes on stage:
1. SLs for long positions @ 1.0998, for fx rates >= 1.1006
2. SLs for long positions @ 1.1019, for fx rates > 1.1031
3. SLs for long positions @ 1.1035, for fx rates >= 1.1039
II. Attack Strategy Milestones:
S1 @ 1.093
S2 @ 1.088
S3 @ 1.0845
S4 @ 1.081 - 1.079
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