EUR/USD 12 november part3


Euro has contined down and still remains below the 3-day cycle break, however is still trading above the weekly 50% level.

A similar expectation after any 3-day cycle break is for the market to rotate back towards the level and test it to verify the breakout.

Traders can exit shorts around today's lows and use the trailing resistance @ 1.4631 as another entry. Or others can continue to hold 'shorts' and use the trailing resistance line as a stop from breakeven entry....