Trader_97
Short

EUR/USD LOOKING FOR A BREAK LOWER ON HOURLY TF !

FX:EURUSD   Euro/U.S. Dollar
83 0 0
Eur/Usd             seems to be attempting to break lower from the support T.L that held up for about 7 days.Price is still above the 100 day and 50 day Moving averages.If we succeed in breaking lower from the support T.L the 0.236% retracement level will likely come in play.However a close above 1.0974 and we may continue to see the price trade inside the structure and possibly move to 1.1024.As for now wait for a close for confirmation and look to go short with a target of 1.0944 - 1.0920 with stops just above the 1.0970 area.
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