EurUsd- Where to sell?
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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