EURUSD: Hold Short as Upswing Falters
I initially sold EURUSD at 1.3526. Last week, prices completed a bearish Three Inside Down candlestick pattern below resistance at 1.3231, the late-November swing bottom and my revised stop-loss level, hinting the corrective upswing that played out over the past two weeks is running out of steam. I will continue to hold short, aiming for a soft target slightly at 1.2623. A daily close above 1.3231 triggers the stop-loss. Initial support lines up in the 1.2927-2966 area.
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