Euro / U.S. Dollar

Short

EURUSD DAILY SHORT POSITION

Updated

Price has hit major level of resistance and psychological number at just over 1.5 looking for a bounce off the resistance due to daily doji price action. Overbought levels on stochastics confirming my position to the downside. However, on the upside the next major line of resistance lies at 1.9 a monthly resistance line so way away.

Trade active

Waiting for the Tuesday market to confirm my second target at the 38.2% fib level

Note

Target 1 reached at 61.8% fib level

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.