Hello and welcome back from a wild couple days on the EUR/USD roller coaster.
It came down to test the 1.4000 area, then shot back up to the 1.4200 area and am now hovering somewhere in the middle at the 1.4100 area.
So, what now?
Well - it seems like we have seen a potential short-term top with the recent high yesterday. So, look for a short-term continued trend downward. Place stops above the recent high yesterday. It may come up and give us a little scare and test yesterday’s high, however, the shorter term sentiment appears to be down.
Analyze your risk tolerance and risk vs. reward ratio to help you determine an entry point. Always use your stops.
Good luck.
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