I am cutting all my EURUSD Shorts positions now as index markets and US Stock Markets are rallying right now and EURUSD refused to be hammered down. It can even recover strongly in intraday chart after breaking down the trendline support in the hourly chart action as above. It is making me uncomfortable and so I am getting out of all EURUSD trades and removing my bearish view on EURUSD. I am neutral on EURUSD now and will be totally sidelined from this pair as a risk management (to minimize loss or any potential damage).
:: Related ::
Previous EURUSD Analyses:
Below are the losses converted into (SD) Singapore Dollar (SGD).
= + S$ 158,859 SGD