Euro / U.S. Dollar

Short

Euro in a hurry to go back down?

Updated

Rational:
The vertical gray lines on the charts indicates a negative reversal on the Euro (in a down swing, prices going lower than previous high while RSI goes higher).

Trading Implications:
Sell at 1.1740;
Stop 2 days close above 1.1790 or 0.5% break above it being at 1.1850.
Target(s): 1.1525, 1.1350

Trade active

Note

first target reached, stop lowered to 1.1630

Trade closed: stop reached

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