EURUSD - Intraday - We look to Sell at 1.1240 (stop at 1.1270)
Posted Mixed Daily results for the last 10 days. A bullish reverse Head and Shoulders is forming. The medium term bias remains bullish. A Fibonacci confluence area is located at 1.1172. The bias remains mildly bearish but there is scope for a move in either direction at the open. Although the anticipated move lower is corrective, it does offer ample risk/reward today. Bespoke resistance is located at 1.1240.