The dollar continues to weaken against its European counterparts and more data misses from the US increase the downward pressure. On the technical side, this pair recently broke through a channel that it has maintained all year. It also closed with a huge bearish engulfing candle, during the last trading session. Today the currency did not make any move indicating it may be consolidating a bit before a continued move down.
Trade Details
| |
Risk/Reward Ratio
|
2.3:1
|
Entry
|
.9648
|
Target
|
.9547
|
Stop Price
|
.9690
|
No comments:
Post a Comment