EURUSD: Stay Short, Aiming For 1.2872
I initially sold EURUSD at 1.3526. Prices have now met the first objective with a daily close below 1.3144 and I will remain short, aiming for the next soft target at 1.2872. The stop-loss will be trailed lower to trigger on a daily close above 1.3526. Seasonal factors may produce a rebound into the year-end, which I will treat as an opportunity to add to the position.
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