Mihai_Iacob

EurUsd- Sell rallies in search of great R:R

Short
FX:EURUSD   Euro / U.S. Dollar
EurUsd is in a topping mood since Monday and although yesterday has made a new high above Monday's one, gains were very quickly reversed leaving a daily Pin Bar on our chart.
As I explained in my previous analysis over the last months or so, there is no reason fundamentally for a weak USD (or a strong Eur if you wish) and also technically 1.08- 1.1 zone should provide a bulletproof ceiling.

That being said, I will look to sell rallies with a risk: reward of 1:3

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