Euro / U.S. DollarShort
Trading Plan EURUSD
The main plan: to sell EURUSD from the level of 1.1420 or 1.1460 with the target of 1.1300.
The reasons:
Bear trend.
The market is squeezed, so a correction to 50% Fib is likely.
Probability: 60% (average)
Reserve plan: buy EURUSD in the zone: 1.1480 - 1.1500.
The reasons:
Support 0.618% Fib.
Change of bearish impulse to bullish.
Probability: 40% (average)
The reasons:
Bear trend.
The market is squeezed, so a correction to 50% Fib is likely.
Probability: 60% (average)
Reserve plan: buy EURUSD in the zone: 1.1480 - 1.1500.
The reasons:
Support 0.618% Fib.
Change of bearish impulse to bullish.
Probability: 40% (average)
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