I am posting an idea for a quick setup short that could materialize in the Euro-dollar in the coming days, maybe tomorrow or friday.
Watch the picture below (click to enlarge):
If price moves into the 1.2700-1.2720 area I expect a brisk move lower for 1 or 2 days.
The current daily trend is up so, in this context, the trade would be a risky counter-trend trade. This counter-trend trade will not be part of my Swing Model Portfolios.
The next support is at 1.2580-90 so you can wait to go long there with a stop-loss below 1.2540.
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