Euro / U.S. DollarShort
Interesting Short Idea on EurUsd
Eurusd has just pulled back into a key area of support turned resistance both in the form of a horizontal level as well as the downward trendline acting as a dynamic resistance.
We also have the following confluences:
1. Downtrend (lower highs and lower lows being formed.
2. fibonacci levels tie up nicely with key resistance zone.
Look for bearish candle patterns on the lower timeframe to enter.
We also have the following confluences:
1. Downtrend (lower highs and lower lows being formed.
2. fibonacci levels tie up nicely with key resistance zone.
Look for bearish candle patterns on the lower timeframe to enter.
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