Currency Pair: EURUSD
Action: Close 1/3 at market (1.0670), trail stop to 1.0719 and the sell rally strategy cancelled. Remaining target at 1.0625
Comments: Our bearish call has been confirmed with a move through our 1.0691 target to within 6-pips of our second at 1.0660. Given oversold extremes and volatility we now recommend reducing exposure further at current levels rather than 60 with a stop lowered to 1.0719 and the sell rally strategy cancelled.
(R= 1 time our risk on the trade. Click here for more information)