The EURO has moved away from the resistance zone in the latter part of the past week. Expecting the slide towards the channel support,
Before doing so, price may likely rally towards the shorter term 20 MAV to retest it.
Suggested trade
1. Enter short - around 1.0945
2. Stop - above current swing high at 1.1010
3. Target = prior swing low of 1.0775
4. RR = 2.6
Before doing so, price may likely rally towards the shorter term 20 MAV to retest it.
Suggested trade
1. Enter short - around 1.0945
2. Stop - above current swing high at 1.1010
3. Target = prior swing low of 1.0775
4. RR = 2.6
