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Gordonm612
Apr 16, 2017 1:46 AM

EUR/USD What to watch for Short

Euro Fx/U.S. DollarFXCM

Description

EUR/USD is approaching a critical area that involves two converging trend lines. On Friday 4H, the candle closed just below the .236 Fib line which makes me believe the price will continued down to at least touch the trend line in the area of 1.05860. This would be a quick short and should be taken advantage of at the start of the session on Sunday night. If the price decides to make a move upward at the open, i will look for a close above the .236 Fib and a retest before going long to the 1H Support level at 1.06304.
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