FXBen
Short

EUR/USD SHORT

FX:EURUSD   Euro/U.S. Dollar
DEPENDING ON TODAYS             CLOSE WE COULD BE TAKING A SHORT POSITION ON THIS PAIR.

WE HAD SOME BULLISH MOMENTUM BUT THAT APPEARS TO BE RUNNING OUT AFTER PRICE MADE A NEW LOWER HIGH. IT THEN CAME TO TEST SUPPORT ONCE MORE AROUND 1.08 BEFORE THIS RECENT SMALL MOVE UP. PRICE APPEARS TO BE REJECTING THE 61.8 FIB RETRACEMENT LEVEL WHICH IS ALSO A POINT AND WHICH PRICE HAS REJECTED BEFORE.

SHOULD TODAYS             CANDLE CLOSE NICE AND BEARISH I WILL BE LOOKING TO TAKE A SMALL STARTER POSITION AND THEN SHOULD PRICE MAKE THE RIGHT MOVE AND BREAK THE BASE OF OUR WEDGE I WILL BE ADDING WITH THE TARGET OF 1.05 IN MIND
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