With dollar failing to make lower lows and showing strength, I saw SMT in Euro as it made another high. I was thinking it would finally drop and decided to look for a short.
My trade idea was short at 1.0600 looking for 1.0535 which was an old low.
Dollar was retracing to a +OB so I was not terribly worried about what might happen as it was showing a willingness to rally.
I lowered my stop to 15 pips and decided to learn from this experience if it indeed trade higher as it wasn't really my call that it wouldn't drop.
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