EURUSD Update #1: Trade Active

Trade active.

TP1: 1.16500
TP2: 1.16200
SL: 1.17900
R/R: 3.0

Supporting factors:

• S&P and DJIA up 0.3% and 0.6% respectively
  
• US CPI to rise 0.2%
  
• Weaker EUR economy, lead by weak German production
  
• Head and shoulders pattern
  

Comentário:

First Fibo re-tracement reached - second opportunity to enter if you missed the first entry point.

Comentário:

Looks like the Euro isn't going down without a fight. Multiple retests expected during the short.

Trade fechado: objetivo atingido