Short positions can be positioned just below 31.
Stop loss should be placed at 32.2, above the moving average of 14 on the weekly chart, and take profit at price 27.
The most likely scenario is the price heading towards its support of 27, coinciding with the support of the MM210.
Correlated to the downward trend of the euro in the medium term.
Stop loss should be placed at 32.2, above the moving average of 14 on the weekly chart, and take profit at price 27.
The most likely scenario is the price heading towards its support of 27, coinciding with the support of the MM210.
Correlated to the downward trend of the euro in the medium term.
