EURUSD Short opportunity and bounce on pre breakout high

Euro / U.S. Dollar (FX:EURUSD)

FX:EURUSD Euro / U.S. Dollar

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As soon as we lose the 0 Fibonacci level and retest it, it is my short trigger with a bounce on the pre breakout high. Due to the current money printing situation, this is also a possible scenario based on recent fundamentals.

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Comments

Seems like many are looking for the 1.15 downside target but question is... how long will it take to hit that level?

Lots to take in but here's a simple overview of my opinion. Let me know your thoughts. Cheers bro

Michael_Harding

@Michael_Harding, my trigger is down there at 1.17 then it is a high probability trade in my opinion.