The Euro is hitting a rising trendline and appears to be respecting it as support. The overall trend is up, and until it breaks the trendline, I'm going to have a long bias. I'm going to enter the low-risk long trade here, with my stoploss just below the trendline.
Order = Buy Limit
Limit Price = 1.55266
Stop Loss = 1.54637
By the way, I'm still short GBP/USD. The pair's been moving around quite a bit since I entered the trade a couple of days ago, but it's been making new lows on the daily chart and is staying under resistance, so I'm still in it.
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