EURUSD consolidating

2014년 12월 15일

We have multiple short positions open on EURUSD for some time and will look to add to them if price continues to trend downwards. However, at the moment price is in a consolidation and so we will wait for a breakdown of the recent low before committing any further funds.

If price deals above the resistance zone then we may consider exiting our positions but for now, price is still in a longer term bearish trend with near term consolidation.