After taking EUR/USD's neck, we're coming for its legs too!
Updated
After a beautiful buy on the neckline break last week EUR/USD has developed downside momentum, it has broken the supporting bullish trendline and doesn't look like it will slow down. We consider 1.1580-1.1587 area as a sell zone for the continuation downside. Area confluences with bearish trendline and 61.8% retracement from the previous push down. We should be in and out on this one as the NFP is coming up by the end of the week.
Trade active
First position is active, entered at 1.1583. We may go up to the 1.1600 area before continuing down. We will take another position there in case that happens.Trade closed: target reached
1st profit target hit, close half of your position and set the rest toof brake even.Trade closed: stop reached
Rest of the position closed on brake even, good job everyone!
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