Shorting EURO after Bearish Move Below 50 Day MA

6 thg 4, 2017

Looking at the chart for Euro Futures, the Euro today dipped below their 50 Day MA. I'm hesitant to enter a short position right now, I would like to wait and see a confirmation of my thesis with trading starting negative tomorrow, as this could be a fake-out break-out.

However, if it confirms bearish trend tomorrow, will short in the morning, with initial price profit target at 1.0625. Stop loss will be at 1.071.

All the best,
RC