Saturday, February 13, 2016

Euro Dollar Weekly Update Possible low risk reward short entry

Euro Dollar short setup

Hi, Traders Its been a fresh start of the year as trends glooms But we saw few reversals on Friday which is a good sign as there is some nice recovery seen in Crude Prices, But I not still in favor of Crude prices blown up by demand or it is just short covering ahead of big key events next week which are to be scheduled.

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Euro Dollar Update Chart


I would still like to short euro for price last demand level from 1.1183 and put the stops just ahead of Friday Session high's around 1.1275 level and pick the first profit and remain on sidelines till first level is achieved and till the U.S close on Monday.

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