EURUSD Sold (1.1942) Bought (1.1840) +102 Pips
EURUSD
Our position(s) in the EURUSD are daily trades until we are satisfied with a proper setup that will meet our risk/reward ratio to hold for a longer term. This trade was entered on Jan 4 as the EURUSD started the week in a bearish trend. The EURO is ultimately bearish, but our analysis and daily positions are anticipating minor retracements (reversals) along the way. This trade was closed at +100 pips for the week to protect profit and eliminate any loss.
Further Expectations:
We expect minor reversals northward (bullish) as the Euro nears parity with the dollar. We don't have an expected time frame to how bearish the EURUSD will be towards parity, but our analysis show us that we are still in a bearish trend regardless of any retracements northward.
***This chart was recorded on 1.7.15***
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