Remaining short EURUSD against the high
As per the Real Time News feed, I've sold the Euro against the US Dollar (short EURUSD) from $1.2267 with a stop above 1.2335. My downside target remains open, but a minimum of 1:1 risk to reward means that I'm looking for a test of $1.2195 at minimum. We've gotten that test, and while I won't take profits, I will move my stop lower.
Yesterday's high of $1.2300 provides adequate comfort for max risk and I'll move my stop above.
I likewise went short the AUDUSD yesterday against $1.0280 with a target of $1.0150. I hit my target and closed most of the position. Max risk will now be moved to above $1.0200.
View my weekly SSI report for further guidance on major US Dollar pairs:
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