DislikedThat seems like a very risky trade (IMHO) as EU is in a strong uptrend and 1.5680 has been tested several times.
According to all TF's EU is headed toward 1.590 area and the pull back will be minimal at best. I'm looking at 1.5830 area as the 1st target. . .
Also support is now at 1.5759 which was massive resistance before turned support. Would be buying on any dips instead of shorting but that's just me. . .
Good luck on that trade. . .Ignored
Let see what will happen because Europe bank really concern if EU reach 1.6000. If EU reach 1.6 , their product will become more expensive then US product and will give negative impact to economy. I see twice this week price rejection when EU reach 1.5800. I’m may be wrong.
Just info not reco.