EURUSD upside failure weighs on sentiment
This week's signals for sentiment lacked clear direction and yesterday's price action saw the market continue to be swung by events elsewhere.
Asian trading saw strong upside but Europe reversed, to a degree, that positive sentiment. The result was that EURUSD continues to trade close to the 13 day moving average and so our studies are not strong.
Nonetheless, it is the upside rejection that leaves signals negative despite Asian gains
Management and risk description
A move to 1.1302 means the stop can be lowered to break even.
Entry: Sell in 1.1335/40 area and any rally to 1.1357
Stop: 1.1384 bid
Target: 1.1302 and 1.1281
Time horizon: Intraday today
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