The EUR/USD moved today from 1.3721 to 1.3569 so far;
today data are supporting a correction of the rate that last 5 days moved up over my expectation: I said 200 pips overvalued. To me looks like the rate will have a correction to 1.342
right now the EUR/USD is around 1.3592;
in my vision the first support is 1.3569; a break of it would push the rate down to:
s1 1.3533; s2 1.3453; s3 1.3323; r1 1.3685; r2 1.3779...I would say 1.3721;
here is my plan:
I will sell 1 unit right now @ 1.3592and @ 1.3650 I will sell one unit; stop loss @ 1.3690; take profit @1.3569 for the first unit and 1.3533 for the second
have a good trade ;)
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