EURUSD: SELL (short-term)
Although we have a Bullish bias on EURUSD for the long-term, here is a short-term SELL setup for our new week/new month.
Drawing a Fib off the the H1 time frame, we can see that if price reaches the 50.0 entry level of the Fib, it would be a great entry for Bears to take it down to the 138.2 and 161.8 take profit levels.
Drawing our line of support at 1.19519, we can expect this area to be the place for Bulls to finally enter.
Drawing a Fib off the the H1 time frame, we can see that if price reaches the 50.0 entry level of the Fib, it would be a great entry for Bears to take it down to the 138.2 and 161.8 take profit levels.
Drawing our line of support at 1.19519, we can expect this area to be the place for Bulls to finally enter.
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