Despite attempts to rebound, EUR/USD has continued to trade in a downward pattern since the highs seen in May. The outlook still isn’t very good for the pair, as the Euro may continue to be overpowered by the Dollar, with the pair having found renewed selling pressure between 1.1613 and 1.1700 at every attempt at a bullish reversal in October. The next point of reference comes in at 1.1500, which puts the pair at risk of a further pullback towards 1.1370.
After our last sell hit break even we reentered when price retested its previous structural highs. Right after the retest this trade shot right into profit, we'll keep holding to see what happens from here.
After our last sell hit break even we reentered when price retested its previous structural highs. Right after the retest this trade shot right into profit, we'll keep holding to see what happens from here.
