EURUSD Market Outlook | Daily Forex Market Breakdown
EURUSD
EU is pulling back a little after pushing up a bit. Keeping a close watch on the euro. EU looks like we are going a bit sideways now. We could be seeing a reversal to the downside soon. If you took our previous eurusd long you should be looking to take some profits, but first I would like for us to push a little higher. We could possibly look for taking a hedge trade as well. For those that don’t know what hedging is, it means to have both a long and a short open at the same time. Seeing that we could be seeing a big push to the downside soon leaving stop loss at entry on our long trade and also opening a short, opens up more possibilities for us.
EU is pulling back a little after pushing up a bit. Keeping a close watch on the euro. EU looks like we are going a bit sideways now. We could be seeing a reversal to the downside soon. If you took our previous eurusd long you should be looking to take some profits, but first I would like for us to push a little higher. We could possibly look for taking a hedge trade as well. For those that don’t know what hedging is, it means to have both a long and a short open at the same time. Seeing that we could be seeing a big push to the downside soon leaving stop loss at entry on our long trade and also opening a short, opens up more possibilities for us.
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