EURUSD - We look to Sell at 1.0695
|EUR/USD - We look to Sell at 1.0695 (stop at 1.0735)
EURUSD - Buying pressure from 1.0591 resulted in all the initial daily selloff being recaptured. Posted Mixed Daily results for the last 12 days. Due to an Ending Wedge formation, we continue to treat extended gains with caution. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.0695, resulting in improved risk/reward. The rally is close to an exhaustion count on the intraday chart. Our profit targets will be 1.0580 and 1.0500.
EURUSD Current Trading Positions
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