EURUSD:Hold Short into NFP
I initially sold EURUSD at 1.4328. The pair produced a bearish Evening Star candlestick pattern below the recent range top at 1.4535, the July 27 high and our stop-loss threshold (to be activated on a daily close above the level) and proceeded to move lower to take out rising trend line support set from the July 12 spike low. I will continue to hold short, aiming for a soft target at 1.3975.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.