EURUSD: Hold Short as Second Target Nears
Forex pairs in this Article » EUR/USD
I initially sold EURUSD at 1.3121 and added to the position at 1.3026. The pair sold off after putting in a bearish Harami candlestick pattern and is now testing my second target at 1.2674 after meeting the first objective yesterday. I will conitnue to hold short with a revised stop-loss to be triggered on a daily close above 1.3073. The third objective once the second one is met is 1.2482.