US Dollar Uptrend Has Started, Is It Time to Short EURUSD?
Rafael Ken Aguilar
EURUSD·
May 13 2023
Stop Loss -1.87%
Holding time 16d8hr
1.06999
Entry price
1.09000
Stop loss price
1
Now that EURUSD has printed a convincing double monthly top candles, it's time to short the shared currency at certain key level I am seeing.
Looking on the DXY daily chart, it just got started for an uptrend who knows it will be a short-term move or worst a long-term one!
Will put a short entry to be safe on the 1.07 area because I am expecting the EURUSD gonna rally back-up first next week before a possible moving down.
A risk:reward score of 1.50 only.