Looking to short EUR/USD. It has retraced to the key 61.8% fibonacci level and has also broken a trend line. RSI and stock also indicate oversold however on the 2 hour time frame Stoch indicates this pair could go up. We believe there will be a minor retracement before the continuation downwards. Our first Take Profit Target will be 1.1341 and the second target...
EUR/JPY is at a key level of support and has tested this level about 3 times. Has also retraced to key fibonacci levels and the overall bearish momentum supports the drop. We have seen a double top and a downward fall and now a possible minor retracement to the trend line aas illustrated. Will be looking to go short on this pair once the support has been broken...
