I initially sold EURUSD at 1.4881. Prices have moved beyond my latest revised profit target, continuing to edge along the bottom of a falling channel established from the swing high in early December. Positive RSI divergence remains, leaving the possibility of a corrective upswing on the table, but my soft target has been revised lower to to 1.3404 nonetheless as I see any move higher in the near-term as a temporary development that will invariably yield to further selling. As before, a stop-loss will be activated on a daily close above 1.4251.
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