I would watch the EUR/USD carefully as we approach FOMC and Interest Rate Decisions from Yellen this week because there is a possibility of a breakout of this pair for a strong bearish run. Always be careful when entering trades because there will be times when the banks will create liquidity and that can cause rookie traders to lose money in a heart beat even though you may have the right idea.
My overall position for this pair is still open from 1.1680 that I did take profits from earlier today at 1.1635.
I'll be looking to add to my position as time goes on once price starts moving again from the moderate support that it is currently in.
My overall position for this pair is still open from 1.1680 that I did take profits from earlier today at 1.1635.
I'll be looking to add to my position as time goes on once price starts moving again from the moderate support that it is currently in.