Alexkly
Short

EURUSD Approaching 2618 Sell Zone

OANDA:EURUSD   Euro / U.S. Dollar
Previously We looked at a potential 2618 trade set up when the EURO was finding its support. Not that we've found it price has been making its way to a proper sell zone being at the 61.8% retracement level. Currently we are stalling at the 50% level but soon to be tested again after breaching the 32.8% level on its way to the upside. The anticipation for price to reach our selling point this week is high just keeping an eye out for these levels to be tested. The outlook for this trade is highly probable just waiting for price to come back to retest the level of resistance created a few weeks ago. However if we end up surpassing these levels higher highs can be anticipated or a retest of our current structure high. Be weary and watchful while price provides for good entry but the execution is up to us.

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