EURUSD - BUY for short term, SELL in long term
So back in January I predicted that EURUSD is Highly bearish when it was trading at 1.25 and the first target was predicted to be 1.15 and followed by 1.10 or even 1.05 (see the linked Idea)
I suggested to cover some shorts around 1.15 which is a medium term support and can withstand for another few weeks to few months (maybe 6 months).
Currently I see a short-mid term Bullish rally all the way towards 1.21-1.22 which should complete the right shoulder if only it retrace back to 1.15 levels from there.
If EURUSD trade below 1.20 after touching 1.21 then I would advice to go SHORT @ 1.20 with a stop @ 1.22 and target of 1.15 at first and then 1.05 following later
I suggested to cover some shorts around 1.15 which is a medium term support and can withstand for another few weeks to few months (maybe 6 months).
Currently I see a short-mid term Bullish rally all the way towards 1.21-1.22 which should complete the right shoulder if only it retrace back to 1.15 levels from there.
If EURUSD trade below 1.20 after touching 1.21 then I would advice to go SHORT @ 1.20 with a stop @ 1.22 and target of 1.15 at first and then 1.05 following later
