Ivaylo_Atanasov
Short

A long-term short position on EUR/USD

FX_IDC:EURUSD   Euro / U.S. Dollar
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On the graph, we see a strong downward movement of the weekly chart, followed by a flag formation . You can see the train rails of the flag that are obtained by spikes, so it is good to put a stop over the upper resistance. For the risky traders i can offer to take a short position from 1.1210 with stop loss at 1.1470 and place a sell limit order at 1.1400. Our first target level will be 1.095, second - 1.055, and the third level will be 0.96.
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