EUR/USD shorts burned
The trend isn't always your friend. When EUR/USD turns, it gets ugly.
This is a chance to reload if you were on the sidelines but it also proves to be a valuable reminder about the risks during retracements.
The high so far is 1.0969, breaking the post-Greek vote high of 1.0963 but failing to hit much in the way of fresh stops as it also chopped around the 38.2% retracement.
Offers:
- 1.1000
- 1.1005 (100 dma)
- 1.1012 (50% retracement)
- 1.1050 medium offers
- 1.1060 (61.8% retracement and 21-day MA)