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Hello traders welcome to a new trading week as we start on this Asia session on a Monday. The charts I would say look good and will look to continue there trends from last week. Friday we had some good dollar strength. We do have data today so please be alert to that. The CNY data has come out and very little reaction on the charts so far. OK let us take a look at the EURUSD- This is the 30 minute chart. This pair has made the break to dollar strength from data in US session. I have to say the trade plan on Friday worked nice and we will continue to be bearish on this pair. I like that price is below the 200 ema. I am looking for the price to come as close as possible to the daily pivot point that is resistance at this time for pour short trade. I will enter around the price of 1.1366 and I will take profit at the support zone as marked on the chart at price of 1.1332.

Thank You trader and talk with you soon……William

FX Instructor Forex Blog – For Traders, By Traders

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