Selling Eur/USD to next support
Updated
Everything is pointing down on this pair and price opened below the previous day open and is only making a retracement now to previously broken support at 1.09. We may see a retracement up to 1.0915 just to continue from a higher selling point. 1.0844 is anticipated target with intermediary TP at 1.085. If SL is met at 1.0927 we may be heading for a bigger retracement towards 1.098-1.109. This is not a place to take longs yet as we are having just retracements.
Note
If 1.0844-1.085 is reached to before the US CPI report - I will take profit and switch to buy to wards 1.097 in anticipation of tomorrows' rise. The same will apply if we do not go down but hit 1.0927 first.Note
Pivot point for today is 1.0872 and we we stay below it - a target hit is very likely.Note
Moving SL to positive territory just above 1.0872, targets seem very close.Note
Partial profits taken from sell at 1.0854 and one buy position started at that point.Trade closed: target reached
Final target of 1.0844 has been reached and I have my second buy position open now expecting for a rise as we are seeing RSI divergence on H4 chart and price is in oversold territory. Congratulations to all who sold at 1.0885
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