EURUSD: Short Triggered on Rebound
Strategy: Short at 1.3568, Targeting 1.3280
EURUSD looks to have completed a Head and Shoulders top last week with a break through the formation’s neckline at 1.3571. A pullback to retest this boundary from familiar resistance-turned-support at 1.3448 has created a short entry opportunity and we will sell the pair from here, initially targeting 1.3280. A stop-loss will be activated on a daily close above 1.3734.
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