I initially sold EURUSD at 1.3121 and added to the position at 1.3026. The pair completed a bearish Harami candlestick pattern below resistance at a falling trend line set from the late February top and reversed lower. I will continue to hold short into the weekend's French and Greek elections, looking for a break of support at 1.3025 to expose my initial objective at 1.2864. A stop-loss will be activated on a daily close above 1.3378.
EURUSD: Holding Short into French, Greek Elections
Fri May 04 11:01:00 GMT 2012