EURUSD SHORT. Holding on...Reluctantly
As I mentioned in my posts on March 5th and March 7th, the EURUSD pair is ranging, but some heavy downside pressure is being put on the EURO across the board. I don't like my current trades even though they are in profit, because I'm in violation of my own trading rules. I don't typically like to trade off of hunches, but I do find some comfort in the fact that retail trade sentiment is moving towards 50/50, whereas for weeks now most traders have been net short as the EURUSD pair has continued to rise. So, I'm going to keep holding and I have a rather ambitious target sitting around 1.1886. However, I might amend that depending on how the momentum plays out.
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