EURUSD: Hold Short as EU Summit Looms
I initially sold EURUSD at 1.4328. Prices have stalled abovesupport at 1.3780, the 1443.6% Fibonacci extension level, after producing a Bearish Engulfing candlestick pattern in anticipation of the upcoming EU debt crisis summit. I will remain short into the event risk, maintaining a stop-loss to be activated on a daily close above 1.3975 and aiming for a revised soft target at 1.30.
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