If you have read my previous analysis post, I told you that the EURUSD is hitting a major support on the channel but it has broke through it and is now in a short term down trend. If you have taken some SELL trades with proper strategy yesterday, you should have made some profits from the down move.
I have recorded a video to share with you my analysis on the EURUSD and where is the next support you must take note of
Do note that there is still a possibility of the EURUSD moving up sharply as the major trend is still UP. Therefore you must always remember to protect your account by shifting the stop loss to breakeven in case of the sharp upmove
At the time of publishing this post, I have trade on the EURUSD but I will shift it to breakeven stop loss one it hits my target
I hope that this analysis is useful for you.
Do let me know if you have any question. You can email me at [email protected]
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