FXCM

EURUSD Potential for Bearish Continuation | 14th October 2022

Short
FX:EURUSD   Euro / U.S. Dollar
The EURUSD has rebounded slightly due to CPI numbers yesterday but still has an overall bearish bias on the H4 chart. Looking for a breakout sell entry at 0.9695, where the 61.8% Fibonacci retracement sits. The stop loss will be set at 0.9871 at the overlapping resistance. The take profit point will be at 0.9545, where the swing low and 161.8% extension sits

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