Euro / U.S. DollarShort
EURUSD is still going down smoothly.
EURUSD:
The monthly chart (earlier published also) is working nicely with its Fibonacci levels.
At this stage, it is into a retracement, where I take the 38.2% as a minimum level to hit.
This level is around 1.14230
today we had a major move down, in where we also broke the neckline of a head and shoulder formation on the daily chart.
I expect for tomorrow a retest back up towards the neckline.
After that, it will fall down without any barrier towards this level.
Start small and add each time the price pulls back.
The monthly chart (earlier published also) is working nicely with its Fibonacci levels.
At this stage, it is into a retracement, where I take the 38.2% as a minimum level to hit.
This level is around 1.14230
today we had a major move down, in where we also broke the neckline of a head and shoulder formation on the daily chart.
I expect for tomorrow a retest back up towards the neckline.
After that, it will fall down without any barrier towards this level.
Start small and add each time the price pulls back.
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