EURUSD Short Failure to break key Fibonacci resistance level

FX:EURUSD   Euro / U.S. Dollar
On our analysis on the 02.05 we indicated that we were short EUR/USD pre and post FOMC however since then the currency pair has risen up towards 1.125. We see this as a selling opportunity as EURUSD failed to break the Fibbonaci resistance level at 1.12514 and the RSI rose to the high 70s before dropping to below 60. We will also be closely monitoring the US China trade talks which could potentially cause a lot of volatility in the currency pair.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out