Forex Trading: Euro short squeeze, how some traders are profiting

by Joe Oliver, Forex Trading-Pips

Forex Trading: It has been another decent week of gains for weekly volatility breakout traders as euro shorts continue to be squeezed out of the market. After entering long euro at 1.3002 on Monday morning using our Weekly Volatility Breakout rules we are currently sitting on profits of 216 pips for the week. We have marked trade entry on the chart below with a horizontal blue line, our stop loss at 1.2858 is marked by the horizontal red line. We will exit the trade Monday morning, 6AM UK time.

Forex Trading euro 60 minute bars

Forex Trading euro 60 minute bars