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MEX_Exchange

EURUSD remain bearish for a drop from here

Short
Euro / U.S. Dollar (FX:EURUSD)  
MEX_Exchange Updated   
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns EURUSD EUR USD eurusdshort eurusdprediction eurusdlong eurusdforecast eurusdidea eurusdsignal
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5
trendanalysis harmonicpatterns chartpattern eurusd eur usd eurusdshort eurusdprediction eurusdlong eurusdforecast eurusdidea eurusdsignal
Sell below 1.1862. Stop loss at 1.1974. Take profit at 1.1728.
Reason for the trading strategy (technically):
We remain bearish after EURUSD has triggered our sell entry. We look to sell below major resistance at 1.1862 (Multiple Fibonacci retracement, horizontal pullback support) for price to drop to at least 1.1728 support (Fibonacci retracement, horizontal pullback support).
Stochastic (55,3,1) is dropping nicely from our 94% resistance level pushing price to the next support level. We still have good downside potential for this strategy.
Comment:
Guys, I can't update all ideas here in real-time. We actually changed EURUSD idea to this : www.screencast.com/t/xDUAdfXfT3ir

When the trading room is launched I will be better able to guide you all in real-time. Try to get out of the trade when it retraces.
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