Short GBPUSD, Sell EURUSD rallies
My GBPUSD short is working out well, but the pair has not broken key support decisively and there is legitimate risk of short-term correction here. Move stop to breakeven on the original position in order to protect against losses.
The EURUSD is likewise at clear risk of a short-term correction, but I like playing further downside and selling rallies. Potential levels against which to get short include former support at 1.4100 and the bottom of the pair's previous uptrend line at 1.4200. I remain bearish as long as price remains below 1.4350.
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