Thread: EURUSD

Added to my short position (4th entry), after the 1h trendline was confirmed with price action from your daily high.

I am opening . I lift my SL to 1.22 33 fttb...

Now=1.22 98 so far so good... I lift SL into 1.22 78

Short EU 1.2295. SL 1.2340. TP 1.2

Merely selling rallies on EU for the following two years until price reaches 1.05

I Raised SL

Why not to 0.9XX

Originally Posted by ;

I lifted SL into 1.22 89

Unfotunately stoped... flat and aside.

Yesterday Forex was silent, in which many majors held on to Monday's gains against the US Dollar.

I'm expecting a pullback to 1.2364 (50% Fibonacci retracement) or up to 1.2402 (61.8 Fibonacci retracement) before the following actual push down.

Option expiries of notice for today's 15:00 GMT
Not one of importance nearby price action.

It seems that EUR/USD is going to take a pause before tomorrow's news. The price rests upon the resistance of 1.2355, which probably won't be broken now. Market participants are awaiting news on inflation, which is published tomorrow. These news establish the mood for additional movement and may have a powerful impact. Thus, I wouldn't make decisions and open positions now. I believe the volatility is going to be lowered round the level of 1.2355, or so the price will fall again to the border of the channel to 1.2237.