After the break under parity and the drop to 20y low at 0.99, EurUsd has found some power, and yesterday has spiked above parity.
This rise proved to be short-lived and now the pair is trading at 0.9943 (time of writing).
The trend remains immensely bearish and the best and less risky approach for traders is to sell rallies.
A new spike up could offer such an opportunity and my sell zone is between 1.0050 and 1.01.
My target for swing trades remains 0.97 and a daily close above 1.01 would delay this scenario
This rise proved to be short-lived and now the pair is trading at 0.9943 (time of writing).
The trend remains immensely bearish and the best and less risky approach for traders is to sell rallies.
A new spike up could offer such an opportunity and my sell zone is between 1.0050 and 1.01.
My target for swing trades remains 0.97 and a daily close above 1.01 would delay this scenario
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t.me/intradaytradingsignals
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🌟 Premium Contact:
t.me/IacobMihai