With increased interest rate by 75bps by the ECB , I expect price to bounce up to the highs of 1.0161. My stops are at 0.9898. Use proper money management.
Note
Close partial profits, get ready to exit.Trade closed: target reached
I am exiting this trade at this point. I would expect any move up as a false break. More downward pressure incoming.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.