EUR/USD shorts burned

The trend isn't always your friend. When EUR/USD turns, it gets ugly.

This is a chance to reload if you were on the sidelines but it also proves to be a valuable reminder about the risks during retracements.

The high so far is 1.0969, breaking the post-Greek vote high of 1.0963 but failing to hit much in the way of fresh stops as it also chopped around the 38.2% retracement.

Offers:

  • 1.1000
  • 1.1005 (100 dma)
  • 1.1012 (50% retracement)
  • 1.1050 medium offers
  • 1.1060 (61.8% retracement and 21-day MA)