EURUSD Looks a Good Sell Back Towards 1.1160
With the long weekend the markets have had extra time for a short squeeze back towards resistance at 1.1160. Now there’s been change in sentiment whatsoever so I think this last part of the rally is simply a short squeeze.
We should find good sellers in EURUSD back towards 1.1160 all the way up to 1.1200.
I am getting short a little ahead of that to make sure I don’t miss the entry point.
Order: I am selling EURUSD at 1.1148. With a tight stop in case it does run at 1.1173 & take profit at 1.1073.
There are a bunch of European economic data releases today so I’ll reassess the position then.
Good luck.
