EURUSD: Short Entry Setup Identified
Strategy: Pending Short at 1.3829, Targeting 1.3489
EURUSD broke through support at the bottom of a rising channel that had confined prices through February as well as the 2/2 swing top. While risk/reward considerations are narrowly skewed against entering short at current levels, we will set up an entry order to sell the pair at 1.3829. Once the position is triggered, we will initially target 1.3489, with a stop-loss to be activated on a daily close above 1.4036.
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