Resistance at Fib Ext

FX:EURUSD   Euro / U.S. Dollar
410 1 1
The daily chart shows the EURUSD             pair in an uptrend. So this trade is counter trend which can be risky.

Price is continuing to make low lows, and lower highs.

The daily fib extension is providing strong resistance.

Looking at recent EUR options volume , shows more PUT volume than CALLs. (June 14 contracts) signaling traders are anticipating a drop in price in the near term.

Set the stop above 1.38200.

Targets are at 1.37400 then 1.3700 area.
shit happens, nice set up
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out