EURUSD Short Position Trade

26 Mar 2015

Looks like the Bulls are throwing their towel; the battle for the big figure (1.10) looks almost like it has been won by the bears. EURUSD is completing an evening doji star in the hourlies, and formed a shooting star in the dailies the day before yesterday as well as a bearish engulfing in the 4-hourlies. Due to the excellent risk-reward ratio, if this trade gets stopped out, it's worth every cent of the loss.