EURUSD: Continue Holding Short Position
Strategy: Short at 1.3526, Targeting 1.3144
Floating Profit / Loss: +81 pips
We initially sold EURUSD at 1.3526. The pair stalling near resistance at 1.3455, a barrier reinforced by the top of a near-term rising channel, with a Doji candlestick pointing to bullish indecision and hinting that reversal lower may be ahead. We will remain short, maintaining an initial target at 1.3144 and a stop to be activated on a daily close above 1.3882.
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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