EUR crosses/EUR/USD/FXWW News

EUR/USD: Cheap trade for the EUR/USD bears

I’m still bearish on the EUR crosses, EUR/AUD and EUR/NZD in particular, so it makes sense to look for intraday trading opportunities in EUR/USD.

Overnight reports suggest that there is decent sized sell interest near 1.1500 and with a recent spike high at 1.1530 just above there, we know where to put our stop!

On the other hand, if you’re bullish EUR/USD, there will be plenty of trailing stops now above 1.1530 and a break above there should see a momentum spike.

Leave a Reply

Your email address will not be published. Required fields are marked *