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EUR/USD: No Market Conviction

Published 01/10/2013, 05:39 AM
Updated 07/09/2023, 06:31 AM
EUR/USD
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NWSA
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Recap:

All and all another profitable day yesterday for us but the markets lacked any sort of conviction in their movements, meaning that our gains were small.

Our EU short was triggered on the support break yesterday, at 1.3056. We are still bearish on the pair but it has met with stronger-than-expected support around 1.3050.

We will close out here for a 6 pip loss. And look to re-enter the markets on a support break.
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Trading Idea: Short on a support break with a TP of 80 and a SL of 50.

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