EURUSD - Return of the USD strength? Heading for 1.04500
We had a break out of the ascending CTL yesterday which gives me reason to believe another Bearish run could start. A break of the 200 EMA @ 1.06150 with confirm the bearish bias as will remaining below 1.06600.
We have entered a small position at market price after having a good rejection off the 50% fib retracement of the impulsive move out of structure
Another position will be added on a break of 1.06150 and then potentially again at 1.05800
We have entered a small position at market price after having a good rejection off the 50% fib retracement of the impulsive move out of structure
Another position will be added on a break of 1.06150 and then potentially again at 1.05800
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54 pips in profit. Moving stop loss to break even
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Please go view the updated EURUSD chart...
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