EURUSD PROFIT

EURUSD PROFIT
10th August 2016 contacttf
The Currency Pair EUR/USD is the abbreviation for the euro and U.S. dollar pair or cross for the currencies of the European Union (EU) and the United States (USD)

I entered the EURUSD trade today on the short side.

Chart 1min and 5min was setup, however there was a strong bullish momentum on the 1 hour chart. I took the trade based on my judgement that the priceline was due to hit resistance on 1hr. It coiled for a long time, but eventually broke down.

I closed trade earlier than I normally do, as I was leaving my desk.

Historically, the Euro Dollar Exchange Rate - EUR/USD reached an all time high of 1.87 in July of 1973 and a record low of 0.70 in February of 1985.

#trading #trades #forex #fx #forexalert

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