EURUSD: Remain Short Below 1.4036
Strategy: Short at 1.3829, Targeting 1.3489
Floating Profit / Loss: -148 pips
We sold EURUSD at 1.3829. Prices are showing a bearish Hanging Man candlestick following a retest of support-turned-resistance at the bottom of a rising channel set from the lows in mid-February. We see recent gains as corrective barring a daily close above 1.4036, with a sustained break back below 1.3750 rekindling bearish momentum for a run toward our soft target at 1.3489.
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