Be mindful of month-end flow as you hold positions
The euro-dollar short position that had been built in a pair-trade has been confirmed to break clearly through 1.162, and was settled at 1.163.
I am carrying over with a long single position.
From a mid- to long-term perspective, downward is in view, but I think this is a position where some degree of short-covering can be anticipated.
Today, I would like to describe the next resistance for EUR/USD, potential take-profit targets, and strategy.
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