I'm looking for short opportunities on EURUSD at the moment. We've been downtrending since mid July, the market has been working its way down taking out lows from July, June and May. I see one more prominent target EURUSD would push for if the downtrend continues and that would be the bottom seen in mid March around the 1.05200 area. Thats where I'll be looking to take profits after price retraces back into the 1.06900 zone. Good luck traders, let me know you thoughts on EU!
Trade closed: target reached