EURUSD seemed to be settling into a short term downward trend which could also be seen as retracement for long term upward trend. The retracement is expected to extend towards 1.3450 level and currently traders will look to sell EURUSD and a decent selling level can be currently seen around 1.3566 level.
Traders will look to sell EURUSD around 1.3566 for initial targets around 1.3500 level which can then be further extended towards 1.3440 level. Use of stop loss can be useful to lock the profits and target larger ones.
TRADE:
Sell EURUSD @ 1.3566 for Profit Level @ 1.3506 and Stop Loss @ 1.3596
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