Nice idea on EURUSD and there may be potential gains as you have identified by going short. For our set up, we have identified the key resistance and support levels. Currently, price is approaching our first support at 1.1432. It is horizontal swing low support, 61.8% Fibonacci extension and a 76.4% Fibonacci retracement. Stochastic is approaching resistance and we might see a corresponding bounce in price. If a corresponding bounce does occur, we may want to take a look at the 1.1502 resistance level. It is a horizontal pullback resistance, 61.8% Fibonacci extension and a 38.2% Fibonacci retracement.
Please take a look at our idea and share with us what you think.
Please take a look at our idea and share with us what you think.