EURUSD: Remain Short Through Volatility
Strategy: Short at 1.4328, Targeting 1.4172
Floating Profit / Loss: +92 pips
We initially sold EURUSD at 1.4328. Choppy volatility has overtaken the pair along with risk appetite at large but the broad outlines of bearish positioning remains unchanged. Furthermore, the fundamental picture continues to deteriorate. As such we will remain short, aiming for a soft target at 1.3975. A stop-loss will be activated on a daily close above 1.4535.
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