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Euro / U.S. Dollar
Short

EURUSD short idea, rebound

By fvideira
Updated
My overall sentiment of EURUSD is bearish still. Bearish Elliot wave built with the last wave of the corrective pendant still in play. Expecting E wave to hit 1.14 level where I will most probably await a rebound a short entry. Some EU news incoming (12:45pm 13/12/2018) could have an large effect. Target - bottom of pendant, 1.12175. RR ratio - 3.5:1

This pair has opened today above UK pivot (1.1358)
Comment
Outlook still bearish. Waiting to short at this level once more.
Elliott WaveFibonacciSupport and Resistance

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