What we can expect from Euro/USD – Day Trade Going Short!
R2: 1.7247
R1: 1.17098
Pivot Point: 1.1645
S1: 1.5829
S2: 1.15675
Depending on where we open, I will begin stacking to build up a short position. Take Profit will be around S1 & S2. If 1.5072 is broken, I will reopen a short position to target the next leg down. I have no plan to go long as Eur/USD is trending down with no clear sign of reversal as of yet.
R1: 1.17098
Pivot Point: 1.1645
S1: 1.5829
S2: 1.15675
Depending on where we open, I will begin stacking to build up a short position. Take Profit will be around S1 & S2. If 1.5072 is broken, I will reopen a short position to target the next leg down. I have no plan to go long as Eur/USD is trending down with no clear sign of reversal as of yet.