EUR/USD, DAY CHART, SHORT (2-JAN-2017)
Updated
Note: EUR/USD follows our prediction last week, a price
correction to the resistance zone is high likely to happen.
Overall, we remain bearish on this pair.
Now, there are 2 ways to trade this pair:
1. Wait for a bullish signal now near the 20-EMA and
resistance zone to short with right risk amount.
2. The price might further pullback to the next
resistance at 1.075x level. In this case, we also need
to wait for bearish signal to short.
correction to the resistance zone is high likely to happen.
Overall, we remain bearish on this pair.
Now, there are 2 ways to trade this pair:
1. Wait for a bullish signal now near the 20-EMA and
resistance zone to short with right risk amount.
2. The price might further pullback to the next
resistance at 1.075x level. In this case, we also need
to wait for bearish signal to short.
Trade active
Short now.EP: 1.04772
SL: 1.06563
TP: 1.00449
Trade active
After the release of NFP, USD dollar strength was strengthened, so we remain our bearish view on this pair. If the price able to break the Support Line at 1.052 level strongly, can consider to add on shorting position.
If the price pullback to the bullish side, watch 1.075x resistance level, might be a better shorting opportunity.
Trade closed manually
Exit at 1.06074 before hitting our SL...After the 1st speech from Donald Trump, the USD strength turn more bearish now...
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