At a time when everyone expected EURUSD to rise indefinitely, we saw a sharp decline.
Now those who bought and do not use stop, hope that this decline will not continue, because they will not endure.
And how much easier it is to trade on the trend!
And how much wiser it is to limit the loss!
What we expect is to see a rise, but only temporarily. An increase to 1.1750 will allow the price to correct and will have the strength for a new decline.
So do not rush to buy long-term or add to already losing positions.
If you have additional questions about what and how to trade, contact us!