EURUSD topping in short term? EU resistance zones to watch
Updated
Just a quick plot to watch for shorting opportunities.
Ideally looking to sell the Weekly Central Pivot.
There is Minor economic news in a couple hours out of EURO and Major news (GDP) out of UK coming.
So will be watching for price action around those events.
Background:
My EU shorting adventure began in early 2018 while looking for a top around 1.2500
As that top was forming, I saw the Fibs giving me some clues for down move to start
Once it started dropping, I fined tuned the Fibs and EW count to arrive at 1.1500 ad mid target, and 1.070 as final target
Which brings me to the current plan, trying to catch shorts for the next wave down...
Ideally looking to sell the Weekly Central Pivot.
There is Minor economic news in a couple hours out of EURO and Major news (GDP) out of UK coming.
So will be watching for price action around those events.
Background:
My EU shorting adventure began in early 2018 while looking for a top around 1.2500
As that top was forming, I saw the Fibs giving me some clues for down move to start
Once it started dropping, I fined tuned the Fibs and EW count to arrive at 1.1500 ad mid target, and 1.070 as final target
Which brings me to the current plan, trying to catch shorts for the next wave down...
Note
My EW count was off, but the target was close.Now that it has hit the Weekly Central Pivot, I expect that to be the high of week.
Am plotting a new chart but a snap shot of current situation
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