EUR/USD Quick Update: Short then Long

Here is a quick update on the pair:

In our previous analysis EUR/USD was trading @ 1.19500
We expected the pair to continue its upward trend & test resistance at 1.20500
However the pair was limited to 1.19880
Triggering our Buy Stop @ 1.19800
& falling back to 1.19100
We closed our buy order at a loss of 400 pips hoping the pair might hit our TP @ 1.20
Bearish harmonic pattern on 1H chart suggested a reversal which we jumped on @ 1.19600
& are currently in an active Sell
Also Sell Stop order has been triggered.


WHAT TO EXPECT:

US10Y & DXY currently pushing EUR to the downside
But the pair is trading at minor support/resistance level
We expect an instant reversal on the pair or to continue falling back to support @ 1.18600
We are still bullish on the pair

OUR POSITIONS:

Buy Stop @: 1.19500
Buy Stop TP @: 1.19700
Currently in two active sell orders. No new orders placed

Link to previous analysis below

Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.