EUR/USD – follow me on twitter @fxdailyforecast
We shorted yesterday at the 3272 price level, and we are looking for price to extend down to the 3200/3186 area.
FOR TODAY:
No trade setup till price either breaches the high at 3292, or breaks the low at 3186, on a sustained basis. We will remain in the current short trade setup but don’t foresee additions to this position.
SHORT: WILL ONLY BE GOING SHORT IF:
No short setups, need more clarity, maybe a test and a bearish cs formation at the highs again, will wait and see.
If we don’t get the cs formations we are looking for then we don’t trade.
LONG: WILL ONLY BE GOING LONG TODAY IF
No long trade setups, will stand aside and see what develops, will tweet if something transpires.
If we don’t get the setup we are looking for then we don’t trade.
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