EURUSD: Pullback Hinted Below 1.4535
Strategy: Short at 1.4328, Targeting 1.3975
Floating Profit / Loss: -192 pips
We initially sold EURUSD at 1.4328. The pair has now produced a Spinning Top candlestick below the recent range top at 1.4535, the July 27 high and our stop-loss threshold (to be activated on a daily close above the level). The candle points to indecision, pointing to ebbing momentum behind the previous session’s upswing and hinting at losses ahead. We will remain short for the time being, continuing to aim for a soft target at 1.3975.
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