FX:EURUSD   Euro / U.S. Dollar
169 0 5
I said before that I confidence that this drop will continue because price crossing my lower trendline . After further study my chart, its seem there is new trendline (light blue) which touch the last swing on 28/10/2015 low which make me sit back and wonder if short is the answer.

EU still playing around the range (1.0860-1.1425).

I draw some fibo and before that, i apologize if I draw fibo backward because there are ppl             tell me before that this is wrong, but this is how i draw my fibo. This way i can see the projection of price for >1.00 for TP.

Seem for me 1.1130 (0.618) and 1.1270(0.382) respect each other (fibo & SR line) which i believe this 2 res line will be my short zone.

Short @ 1.1130 will respect the lower trendline (incline trendline ).
Short @ 1.1270 will respect the upper trendline (decline trendline ).

However, there are many ppl             already short EU based on H1 trendline . I do trade with H1 but when come to SR and trendline , i prefer Daily only. I will enter trade based on PA on H1.

Comment much more appreciate... :)
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