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

By , Currency Strategist
13 December 2013 04:07 GMT

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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)

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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

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13 December 2013 04:07 GMT