We see how the pre-opening of the European markets punished the Euro against the American Dollar.
Leaving it in position of bearish movement, within the main trend, it is observed in the graph, as to lost HDH and FDK.
What makes me think about seeing the euro again at price levels around 1.16.
I distinguish two large Fibonacci resistances coming together, with the loss of the zone of overshoot of the SEC oscillator, at this moment the price is in an area compromised in its narrowing of squeeze and hidden divergences bearish by strong hands.
Everything indicates the possible scenario of seeing a small rebound towards price levels close to 1,171, where we would take short positions once outside the OS zone.
Short market position:
— Input: Current market prices. — Stop Loss: Around 1,174 — Expected Take Profit: 1,159 / 1.16
Hek
Comment
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Once the zone of R1 is passed, we find ourselves facing a Fibonacci K confluence, around the current level of R2.
We will be attentive to this area, if overcome, we would enter the straight to take profit.
Trade closed: target reached
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Objective reached we closed and rethink new scenario. :)
I agree with your bearish view on EURUSD. Our trading signal idea is also of the same bias. EURUSD has broke past its 61.8% Fibonacci retracement which confirms a further move down. Here’s our idea!
trademyapi
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@FXCM-EDU, I agree with your analysis, we are going in the same direction ... :)
DavidJDiez
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Me gustan mucho esos indicadores que utilizas.
trademyapi
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@DavidJDiez, Hola, la verdad es que estoy muy contento con ellos, si quieres saber más acerca de ellos, puedes mandarme un PM... Saludos.