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EURUSD: Continuing to Hold Short

EURUSD: Continuing to Hold Short

2012-05-07 11:01:00
Ilya Spivak, Head Strategist, APAC
Share:

I initially sold EURUSD at 1.3121 and added to the position at 1.3026. The pair sold off after putting in a bearish Harami candlestick pattern identified last week, with sellers now testing below support at 1.3025. I will continue to hold short, looking for a daily close through this level to expose our initial objective at 1.2865. A stop-loss will be activated on a daily close above 1.3378.

...

SEE CHART HERE

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