Strategy: Short at 1.2661, Targeting 1.2130
Weekly Profit / Loss: -49 pips
Total Profit / Loss: -49 pips
We sold EURUSD at 1.2661 as prices confirmed the break of a rising trend line set from the low in early June with push through horizontal support in the 1.2715-1.2755 congestion region. A shallow recovery has been mounted from support at 1.2587, but the advance looks corrective and we will enter short, initially targeting 1.2130. A stop-loss will be activated on a daily close above 1.2925.
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