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EURUSD: Prices Threaten Stop-Loss

EURUSD: Prices Threaten Stop-Loss

2012-03-28 11:01:00
Ilya Spivak, Sr. Currency Strategist
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I am holding EURUSD short with an average entry price of 1.3073 having sold the pair at 1.3121 and added to the position at 1.3026. The pair now looks to have overturned the Head and Shoulders top I have been monitoring but key resistance at a falling trend line set from late August remains in place. I will stick with my trade parameters for now and stay short unless prices trigger my stop-loss with a daily close above 1.3378.

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