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 1.3475 level and currently traders will look to sell EURUSD and a decent selling level can be currently seen around 1.3574 level.
Traders will look to sell EURUSD around 1.3574 for initial targets below 1.3500 level which can be further extended towards 1.3382 on break of 1.3475 level. Use of stop loss can be useful to lock the profits and target larger ones.
TRADE:
Sell EURUSD @ 1.3574 for Profit Level @ 1.3514 and Stop Loss @ 1.3604
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