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marjan.fx.1362

2017 prospective: 1.0700- 1.0850 ideal level to short

Short
Euro / U.S. Dollar (FX:EURUSD)  
marjan.fx.1362 Updated   
FX:EURUSD   Euro / U.S. Dollar
EURUSD long-term shortsetup 2017 USD euro
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eurusd long-term shortsetup 2017 usd euro
A solid support that goes back to 2000-2001 was broken in 2016. Current price action is consolidation before what I think is lucrative short opportunity targeting 0.85 eventually.

Entry: 1.0700 - 1.0850

Risk (SL): Above 1.1100

Targets:

TP1: 1.0340
TP2: 1.0000 (parity - strong psychological level)
TP3: 0.09608
TP4: 0.08530-00
Comment:
Trade is active, entry was triggered at 1.0800 with stop loss is set at 1.1000 for now.
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