EuroMotif

EUR.USD long scalp possibility: EU approaching Support Zones

FX:EURUSD   Euro / U.S. Dollar
Quick plot to look for long scalps on EU.
The decline fits a correction to the climb.
Mid-weeks is a good time to catch reversals.

We have two local Fibs wrestling for control of this wave.
Normally I would account for many more fibs of higher tf.
Unless there is drastic news, these fibs should last the week.

Previous EUR.USD analysis (click):
Big Picture Fib (major levels)
1.125 Top call (off a little)
1.070 Bounce hit (perfect bounce)
1.125 Short call (massive profits)
1.119 Bounce Plot (better than expected)
1.131 Short call (pin point accurate)
1.118 Long call (scalp that ran hard)
1.240 Short call (the very tip-top a year ago)

Of course, I have had total FAILS on some plots also, not going to pretend.
But my plans offer PRECISE entries, TIGHT stops, and EXACT take profits.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.

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