I want to first say that I think the Euro has room to continue up but not at this moment. I really want to buy the Euro but I do not like the risk to reward ratio. I am much more comfortable buying the euro near 1.10 levels again. I feel that there is not really a good opportunity to buy it this high at this moment. To me, it looks like a good short opportunity in order to buy again lower. I am looking to take profit near 1.104 and prepare to rebuy near 1.10 with price action near 50% and 61.8% fib ratios.
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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.