Nice move from my favorite pair EUR/USD, after hit the daily high at 1.3682 the sellers stepped in and drove the euro back down to 1.3629, which was just perfect for my short euro position that I had opened at 1.3672, I was expecting for the euro to go lower but it managed to recover and hit my stop loss at 1.3645, still not bad.
And then again euro managed to rebound to 1.3678 where I have placed on more sell order which until now is giving some pips. I will hold my position as I am expecting the euro to go back to 1.3630 level
USD/JPY technical analysis – heavy losses
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade forex you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
