EURUSD: First Target Hit on Short Position
Strategy: Short at 1.3526, Targeting 1.2872
Floating Profit / Loss: +502 pips
We initially sold EURUSD at 1.3526. Prices have now met the first objective with a daily close below 1.3144 and we will remain short, aiming for the next soft target at 1.2872. The stop-loss will be trailed lower to trigger on a daily close above 1.3526.
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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