EUR/USD long: Risky businessEuro / U.S. DollarFOREXCOM:EURUSDjvrfxalertsHello traders My EUR/USD long on Sunday was short lived. I closed it at 1.1790 for a 30 pip profit. Although geopolitical factors are driving the USD appreciation, it appears that the Euro is still respecting technical levels. There seems to be some degree of markets calming down but it will come down to whether the USA Navy can successfully escort oil tankers through the Strait of Hormuz. But would shipping companies want to do this with no guarantee of safety. The Middle East war itself is an open ended situation, so obviously keep a close eye on news reports. My long position was triggered at 1.1579 with a stop below 1.1530. It is a risky trade despite the technical setup supporting the trade. The Daily close below the 100 and 200 MA is concerning but price is currently above the 50W MA. Best of luck.