Day 497: EUR/USD top?

Profit: $0

EUR/USD is at a very important zone where a deep pullback is more than likely to happen. The ECB doesn’t favor a strong Euro and the Dollar does not reflect U.S.’s improving economy. Even if EUR/USD is destined to break out and rise above, I think a pullback is highly probable.

I caught a short position pretty early, but the speed of the fall rate is pretty slow. I have my stop loss in place and hopefully it falls south from here.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s