On the daily chart above, we can see that it was a solid 500 pip move lower ever since the beginning of May when ECB President Draghi initially hinted on the possibility of the changes to European interest rates. Now that we’ve gotten past that interest rate change from 2.5% to 1.5%, that momentum in euro weakness looks like it’s run out of steam ahead of the next major support level at 1.3500.
Calendar in 05-June with long tail, EURUSD pullback to strong resistance 1.36688.
Les't waitting short EURUSD at 1.36688 and take profit at price 1.3500, stoploss at 1.37083. Risk/Reward: 1/4
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Good luck to all
HOANG_MAI_NHI
Calendar in 05-June with long tail, EURUSD pullback to strong resistance 1.36688.
Les't waitting short EURUSD at 1.36688 and take profit at price 1.3500, stoploss at 1.37083. Risk/Reward: 1/4
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
Good luck to all
HOANG_MAI_NHI
