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Trader targets further downside in EURUSD

The setup references a EURUSD sell near 1.1531 with a stop above 1.1616 and a target at 1.1361.

Reported · Written up by our desk · Major Pairs

Action Forex is outlining a EURUSD trade setup that calls for further downside after entering a sell positioned around 1.1531.

The outlet says the plan uses a stop loss at 1.1616 and a target at 1.1361, while also emphasizing that traders should line up multiple strategies before entering a trade.

It further notes that no market service can forecast with 100% accuracy and stresses the importance of risk or money management as part of the approach.

Action Forex adds that it provides broader coverage across multiple instruments and runs daily technical content and live webinars for traders.

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