Closing sales on EURUSD
Yesterday we set a new sell zone on EURUSD. We saw a nice pushback from it and a drop of almost 100 pips.
The first level of the Fibonacci extension has already been reached and all positions should be reduced risk!
Support at 1.0660 will now act as resistance and we may see another drop to 1.0577.
When these levels are reached, it is advisable to partially or completely close sales.
Lower values are only sought by manually moving the stop!
The first level of the Fibonacci extension has already been reached and all positions should be reduced risk!
Support at 1.0660 will now act as resistance and we may see another drop to 1.0577.
When these levels are reached, it is advisable to partially or completely close sales.
Lower values are only sought by manually moving the stop!
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