Forex Strategy: EUR/USD Short Position Triggered
To receive Ilya's analysis directly via email, please SIGN UP HERE
- EUR/USD Technical Strategy: Short at 1.3362, initially targeting below 1.3148 (23.6% Fib exp.)
- A break of trend line support set from July bolsters the Bearish Engulfing setup noted last week
- The stop-loss has been set to trigger on a weekly close above 1.3577
Confirm your chart-based trade setups with the Technical Analyzer.
Weekly Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
Contact and follow Ilya on Twitter: @IlyaSpivak
New to FX? START HERE
For live market updates, visit the Real Time News Feed
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.