EURUSD Trade Idea: Short Opportunity TP1: Reached
Description: U.S. PPI and Core PPI is better than expected. Unlike data, the price goes up. Possible stop hunt operation. Price tested the resistance but could not break above.
Our EURUSD Trade Idea:
Target 1: 1.16800
Target 2: 1.16500
Extended Target: 1.15600
Update # 1: 07-11-2018 … We add Short at 1.17260 Target 1.6800 SL is 1.17650 / Target Reached 26 Pips
Update #2 : 07-11-2018 :TP1 Reached 61 Pips. We close 50% of the positions move Stop Loss to entry wait for the second target.
You can follow the idea: EURUSD Resistance And Short Opportunity
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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money
EURUSD Trade Idea Forex Trading involves risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.