Monfex_UK
Short

EUR/USD: good moment for short

FX:EURUSD   Euro / U.S. Dollar
Hello, Traders!
Monfex is at your service and today we overview EUR/USD .

EUR/USD still is in the downward channel and now the price has approached to the resistance line, and the MA100 also there. Enter a short position from resistance is a good practice.
The target for this idea is 1.08824
Stop lose for our short and buy price by the breakdown - 1.10231 with the target of 1.12012

Share your thoughts, ideas about the market under the chart.

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Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Trade active: RSI looks also down, overbought
Trade active: touched MA100
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Hello
Thanks

I'll place a pending order,
sell stop @ 0.0955
SL : 0.1013
Reply
Great idea
Reply
Monfex_UK Johnny991
@Johnny991, thanks!
Reply
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