Comment:
Key area in EURUSD lies around 1.1745-50 area. We saw a brief break of that area yesterday however we closed above it, which put us back in the upward trend. Today we have broken the key support of the uptrend and therefore momentum is towards the downside. With top economies in Europe ie. France tightening lock down measures, would mean that upside potential on this pair is limited and therefore looking at selling the pair around the 1.1745-50 area with a stop at 1.1785 and a target of 1.1612
Comment:
Closed all at 1.1687 for +63 pips profit! Ahead of the support at 1.1685