FOREX Trade of the Day: Sell EUR/USD

Our YouTube video illustrates today's FOREX Trade of the Day and identifies further downside targets.

Today's FOREX Trade of the Day was a short EUR/USD position.

Sell: 1.2711
Buy: 1.2679

Notional Intraday Profit: +32 pips

Today's intraday High of 1.2715 was just above the 38.2% retracement level of yesterday's intraday range, rendering the retracement level a profitable Entry Sell level.

Today's intraday Low of 1.2649 was below the 38.2% retracement level of the October intramonth range, rendering the retracement level a profitable Exit Buy level.

Further downside targets include 1.2645, 1.2610, and 1.2568.

In our YouTube video, we take a look at the same "Intraday USD Strength" trade in GBP/USD...

USD/CHF...

and NZD/USD.

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