FOREX report 21 November EUR/USD


Euro:

5 days of consolidating and sideway price action has sent the Euro towards the November highs.

My trade was short yesterday with tight stops above the trailing resistance line, taking me out and I haven't re-entered again.

This price is is very similar to GBP. The pound rallied to the same highs and reversed back down, so I'll be looking for any similarities of a major move down from these highs and use the trailing intra-day cycles and entry levels and money management techniques.