I previously set the stage for a EUR Trak signal to short the FXE at the US market open (8-10 minutes in) and today’s signal was a great confirmation of the signal parameters.
You can check out the FXE 2 minute chart for yourself but exactly 10 minutes into the market open FXE hit the high of the session (so far). Following the downslope of the EUR Trak channel indicated a short FXE position was the highest probability trade, which proved to be the case as FXE promptly dropped to S2 (137.43) and then S3 (137.12) as of the time of this post. We’ll continue to monitor the EUR Trak signal in order to refine additional confirming signals and further improve the trading odds.
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