Sell EURUSD @ 1.0580
SL @ 1.0635
TP @ 1.0470
Trade Description: The Euro still looks heavy and although the hourly charts suggest the chance of a minor recovery, selling into rallies for an eventual break of 1.0520/25 support seems to be a plan, looking to take profit ahead of the next major support level; the Jan 3rd low at 1.0453, which ties in with the Fibo level, as per the 4 hour chart below.
SL @ 1.0635
TP @ 1.0470
Trade Description: The Euro still looks heavy and although the hourly charts suggest the chance of a minor recovery, selling into rallies for an eventual break of 1.0520/25 support seems to be a plan, looking to take profit ahead of the next major support level; the Jan 3rd low at 1.0453, which ties in with the Fibo level, as per the 4 hour chart below.
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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.