Saxo Group Videos

Coleman: Shorting EURUSD and here's why

Ian Coleman explains why he's setting shorts in EURUSD given what he sees as a medium-term focus on downside within a large Expanding Wedge formation

The move up from the 22nd Sept low has been volatile, according to Ian who says that the intraday chart looks to be forming a bearish Head and Shoulders pattern

Trendline support at 1.1342

Bespoke support at 1.1341

Measured move target at 1.1295

Sell at break of 11335

Target: 1.1295

Stop: 1.1365

No break above right shoulder at 1.1377

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01:27 minutes
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