Possible Euro Strength

4 Nov

I’m monitoring for Euro strength against the US Dollar in the near to mid-term. Based on my data, the risk-to-reward ratio appears very favorable. I plan to start building a long position on the EURUSD pair if it falls below 1.07, only initiating the trade once this threshold is reached. If it doesn’t, I will refrain from entering. Given the strong current momentum, it’s possible the pair could move significantly lower, so I’ll begin with a small initial position. I scale into and out of my trades gradually, taking multiple smaller positions along the way.