How to trade the EUR now

If you bet on a fall of EurUsd, here are other two markets in which to go short.

 

Position closed at 1.2835.

150,000 units from 1.3301 = $6,990

minus

150,000 units from prev position of 1.3158 stopped out at 1.3205 ($705).

Total play netted $6,285.

 

I would not trade at least until the eve of the two-days of central banks FOMC July 31st – ECB August 1st.

 

Daily and hourly oscillators towards the overbought. Try the short on EurUsd close to 1.34.

 

Will short now, 150,000 units. 1.3361. Stop above 1.3430. Looking for return to the 1.3150 region.

 

looks like its trending up, see no reversal yet

 

Yes, it could certainly continue. But it's a mature uptrend (for EUR), with overbought indicators and tough resistance at the 1.3415 region. That's why we put stops in

 

at least you have a stop

Indicators are not overbought to me, we may dip here but 3150? This may be a decent breakout that just started.

good luck.

 

This is still in play.

 

a lot of faith above those weekly highs... you took no profits at all?