EURUSD DAILY STRATEGY

Direction: short

Target: TP1 – 1,3380

Protection: SL – 1,3430

Our setup: 1,3410

Background: The EURUSD is pretty bullish in long and major trend. Yesterday was a strong upside move as well. During tonight at the Asian trading the cross consolidated a bit. Our position is typical contra trend trade. We sold at 1,3410 and our target is 30 points away. At 1,3380 is a key support level which might be back-tested.

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