Sell EURUSD @ 1.0580
SL @ 1.0635
TP @ 1.0470
Trade Description: The Euro still looks heavy and although the hourly charts suggest the chance of a minor recovery, selling into rallies for an eventual break of 1.0520/25 support seems to be a plan, looking to take profit ahead of the next major support level; the Jan 3rd low at 1.0453, which ties in with the Fibo level, as per the 4 hour chart below.
SL @ 1.0635
TP @ 1.0470
Trade Description: The Euro still looks heavy and although the hourly charts suggest the chance of a minor recovery, selling into rallies for an eventual break of 1.0520/25 support seems to be a plan, looking to take profit ahead of the next major support level; the Jan 3rd low at 1.0453, which ties in with the Fibo level, as per the 4 hour chart below.