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EURUSD Short Retrace Sell

Short
Euro / U.S. Dollar (FX:EURUSD)  
cvfxwealth  
FX:EURUSD   Euro / U.S. Dollar
Support and Resistance forexideas tradingideas sellsignal fx EURUSD euro USD DJ FXCM Index
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supportandresistance forexideas tradingideas sellsignal fx eurusd euro usd usdollar
Price has broken past resistance now acting as new support. With the large extension last week of price towards 1.2150 area I expect a retrace wave.

Expect a pullback towards 1.2000. From there we can reevaluate to see if price can possibly extend further towards 1.2200 - 1.2300 or reenter consolidation zone under 1.2000

Good luck and let me know if I can help in any way.

Charles V
CVFX Management
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