EURUSD - We look to Sell at 1.0603
|EURUSD - We look to Sell at 1.0603 (stop at 1.0643).
EURUSD - Prices have continued the bullish move higher and resulted in 2 consecutive positive days. The AB=CD formation target is located at 1.0446. The reaction higher is positive, however, we view this as an opportunity to set shorts in line with the overall bearish move lower. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.0603, resulting in improved risk/reward. Our profit targets will be 1.0500 and 1.0450.
EURUSD Current Trading Positions
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