SimonRasmussen
Short

A note on strong potential in a possible euro short setup

FX:EURUSD   Euro Fx/U.S. Dollar
As title indicates, just an observation that if we see a setup for a short this should hold strong potential. The short setup will come about only after a solid break of the 1.1075 level (see chart). If we get to this point, then we have a very direct price action between here and the 1.096 level (see ellipse form marked on chart). Further noticed both these levels and their well defined and exact nature - by considering last bounces on these in price action. For one thing this is promising in term of getting fast price action between the levels, but should also face little opposition as this is what we saw in this price range when price broke upwards on 3rd of february. I have not included more specific ideas to the trade, simply for focusing on the nature of what I expect price to behave like in this 1.096<->1.1075 zone.
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