EURUSD: Hold Short as EU Summit Looms
I initially sold EURUSD at 1.4328. Prices are flirting with resistance in the 1.3900-1.3975 region to threaten my stop-loss (to be activated on a daily close above the latter level) but after the weekend's EU summit proved disappointing, I will continue to hold short expecting the follow-up meeting on Wednesday to prove equally lackluster and push the pair back lower. As before, my revised soft target is set at 1.30.
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