EUR/USD
Strategy: Short at 1.4881, Targeting 1.3740
Weekly Profit / Loss: +167 pips
Total Profit / Loss: +947 pips
We initially sold EURUSD at 1.4881. Prices have now taken out our second revised target at 1.4044 and we will look for a move down to 1.3740 from here, a level that has acted as both significant support and resistance since October 2008. As before, a stop-loss will be activated on a daily close above 1.4540.
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