After taking EUR/USD's neck, we're coming for its legs too!

After a beautiful buy on the neckline break last week EUR/USD has developed downside momentum, it has broken the supporting bullish trendline and doesn't look like it will slow down. We consider 1.1580-1.1587 area as a sell zone for the continuation downside. Area confluences with bearish trendline and 61.8% retracement from the previous push down. We should be in and out on this one as the NFP is coming up by the end of the week.

Handel aktiv:

First position is active, entered at 1.1583. We may go up to the 1.1600 area before continuing down. We will take another position there in case that happens.

Trade stängt: målet nått:

1st profit target hit, close half of your position and set the rest toof brake even.

Trade stängt: Stopp nått:

Rest of the position closed on brake even, good job everyone!