Euro / U.S. DollarShort
EURUSD reversed from 1.1900 handle yesterday
EURUSD had rallied through 1.1900 mark as expected, before reversing sharply lower again. It had dropped through 1.1762 lows before pulling back higher again. The currency trades around 1.1870/75 levels for now and should ideally stay below 1.1900 mark, going forward. Bottom line remains that EURO should stay below 1.1965 to keep the bearish structure intact. The counter trend rally seems to be complete and EURUSD is expected to turn lower towards 1.1400 levels at least. Good to sell on rallies.
Remain short, stop @ 1.1970, target @ open.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
Remain short, stop @ 1.1970, target @ open.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
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