EURUSD some more upside possible but limited
EURUSD rebounded in the recent session and pierced through 1.2550. We expect this correction to continue towards 1.2590. From that level this market might resume long term decline or consolidate before mid term correction. We suggest short positions around 1.2590 with tight stops. The position can be stopped and reversed if the firm daily close occurs beyond 1.2600
EURUSD rebounded in the recent session and pierced through 1.2550. We expect this correction to continue towards 1.2590. From that level this market might resume long term decline or consolidate before mid term correction. We suggest short positions around 1.2590 with tight stops. The position can be stopped and reversed if the firm daily close occurs beyond 1.2600
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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.