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Technicals changed yet again for the EUR/USD and from a solid SHORT signal and despite the existence of a big gap, it stayed at high levels (1.093) after the US Data on Friday, which may not have been great, but were definately not bad.
Monday was met with a lot of buying interest even at those levels and without a correction. Based on similar price action a couple of weeks ago we entered a LONG trade with a relatively high profit target at 1.1080. Will certainly be monitoring the trade and looking to adjust both stop loss and profit target.
Monday was met with a lot of buying interest even at those levels and without a correction. Based on similar price action a couple of weeks ago we entered a LONG trade with a relatively high profit target at 1.1080. Will certainly be monitoring the trade and looking to adjust both stop loss and profit target.
