Euro/Usd has been in a downtrend his the previous highs in September. After Draghi speach on the Euro saw more weakness due to the fact that they will extend their QE purchase of 30 billions per months until September of 2018. Also, im expecting for the DXY to retrace to the 94 area before we continue to rally on the Dollar. I will start short euro/usd at the 50% retracement of 1.17065 with a 50 pips stop loss and a target TP of 1.153.
A total of 176 pips vs 50 pips risk. Your risk reward will be 1:3.5. Never Risk more than 2% of your total beginning capital in a single trade.
A total of 176 pips vs 50 pips risk. Your risk reward will be 1:3.5. Never Risk more than 2% of your total beginning capital in a single trade.