Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account

Resources

Forex Strategy: EUR/USD Short Trade Triggered Sub-1.38

By , Currency Strategist
13 December 2013 04:07 GMT

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points

  • EUR/USD Technical Strategy: Short at 1.3757, targeting 1.3688 (23.6% Fib ret.)
  • Prices put in a Bearish Engulfing candlestick pattern, hinting at losses ahead
  • A stop-loss will be triggered on a daily close above 1.3810 (Engulfing pattern high)

Confirm your chart-based trade setups with the Technical Analyzer.

Forex_Strategy_EURUSD_Short_Trade_Triggered_Sub-1.38_body_Picture_5.png, Forex Strategy: EUR/USD Short Trade Triggered Sub-1.38

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

Contact and follow Ilya on Twitter: @IlyaSpivak

New to FX? START HERE

For live market updates, visit the Real Time News Feed

provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from

13 December 2013 04:07 GMT