Long or Short: Short
Entry Point: 1.3030
Stop Loss: 1.3080
Profit Target/s: Initial target at 1.2950, Ultimate target at 1.2880
Reward-to-risk Ratio: Max of 3:1
Risk percentage: 1%
Indicators used: Stochastic (14,3,3)
I don’t believe that the euro bulls would sustain their optimism since nothing has really been resolved and debt contagion is still very much on the table. I expect more euro losses next week.