EURUSD: Hold Short as Jackson Hole Approaches
I initially sold EURUSD at 1.4328. Prices are bouncing from support at 1.4332, the 38.2% Fibonacci extension level, but the broad range im place since late June remains intact and I am not expecting a breakout until traders have a chance to react to Friday's major event risk. As such, I will continue to hold short, with a stop-loss to be activated on a daily close above 1.4535.
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