The range of the current down-trend of the EUR/USD is shown by the shaded area. Allowing c. 2.4% for upswings within the range (as indicated by the brown arrow) suggests a Trailing Stop above 2.5%, e.g., at 3%. While the Euro has 6% more to go, as we near the target of $1.1, we should not be too surprised if a trend reversal happens a little early. We would review and reduce our Trailing Stop as the target is approached.
Killeens Financial Banner
Wednesday, 14 January 2015
EUR/USD: Where to place a Trailing Stop
The range of the current down-trend of the EUR/USD is shown by the shaded area. Allowing c. 2.4% for upswings within the range (as indicated by the brown arrow) suggests a Trailing Stop above 2.5%, e.g., at 3%. While the Euro has 6% more to go, as we near the target of $1.1, we should not be too surprised if a trend reversal happens a little early. We would review and reduce our Trailing Stop as the target is approached.
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