Dear all,
EURUSD is expected to be a downclose day for today. With Friday's dark cloud cover and at a lower high area, the precise entry point (1.3960) was determined by the supporting trendline in the hourly charts.
Target profit and stop loss has been shifted lower to 1.3850 and 1.3920 respectively after the change in the speed and strength of the downtrend folloing the breakout .
Regards,
Siwei.