EURUSD: Stay Short Below Channel Top
Strategy: Short at 1.3568, Targeting 1.3280
Weekly Profit / Loss: -11 pips
We sold EURUSD at 1.3568 earlier this week. A pullback from familiar resistance-turned-support at 1.3448 has is finding resistance at the top of a falling channel set from February’s swing high (now at 1.3610) and we will remain short, initially targeting 1.3280. A stop-loss will be activated on a daily close above 1.3734.
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