Euro / U.S. DollarShort
EURUSD Short Opportunity
This pair has had a strong move to the downside in late March, so I'm looking for pullbacks to get involved on the way down. However, I anticipate that there may be a reversal as good moves don't last forever. I'd like to see price move up a little bit more around the 1.12700 level. This is a significant level of structure, and we have both an 88.6% and 61.8% retracement line up at this level. Stops will go above structure and targets will be at the most previous shelf of consolidation in the red box. RSI must be overbought.
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