EURUSD 2/2/2015

EURUSD 2/2/2015

Selling EURUSD bounce is the preferred strategy until something changes. Two important resistance zones are near 1.1400 and 1.1535, where we would be looking to sell it. For selling at 1.400, you need to be quick to grab 15/20 pips.

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UPDATE: Shorting above 1.1500 has worked perfectly. We would like to take profit on half position at current levels and move the stop at 1.1510. We will look to sell it again at higher level in case the squeeze higher continues or will manage the position accordingly.