EURUSD – Up
On the daily chart above,EUR/USD pulled back to the resistance line 1.1539 but could not breach above it and was rejected. Right now it is rallying on a bearish bias and I expect a decline towards 1.1344.Im looking to sell this pair now with my take profit at 1.1344 and stop loss around 1.1624.In case of a break below 1.1344, I’ll wait for a correction to it confirming further decline in price before i continue short with EUR. Should there be a breach above 1.1539 followed by a rise to 1.1853-1.1824 and a rejection within it, You can still short EUR/USD within it with your ideal target at 1.1539.Now,only short positions can be advisable.
Sell EUR/USD at 1.1539 with your take profit at 1.1344 and stop loss around 1.1624.
Do you know against which currencies EUR is the most profitable?
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