Euro / U.S. Dollar
Short
Updated

EurUsd- Could drop 150 pips

1 013
Yesterday, EUR/USD saw a sharp drop from the 1.12 level, reinforcing it as a strong resistance. The pair rebounded after touching the rising trend line, but in my view, it's only a matter of time before this support is broken.

In conclusion, I am looking to sell into rallies, targeting the 1.10 support, with a stop in place should there be a daily close above 1.12.
Trade active
My sell on EurUsd has been a sniper so far.
Now, the pair is testing support once more
A break could lead to acceleration
snapshot
Trade closed manually
Closed with minimum profit.
It held the trend line
We'll see tomorrow
Trade active
EurUsd on the verge of an important break

snapshot
Trade closed: target reached
EurUsd is approaching my target.
Traders that are short could close the transaction and wait for NFP

snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.