Euro has been retracing today and price action shows it is coming to an end.
From my chart you see a perfect rejection from 61.8 retracement of the recent down swing and then moving up again to be rejected from the 78.6% and 88.6% zone.
In the case of another rally to above 1.33 resistance I will short the EURUSD from the rectangle area which is a perfect confluence of 38.2% retracement of the major down wave and 1.618 projection of the previous upward retracement
From my chart you see a perfect rejection from 61.8 retracement of the recent down swing and then moving up again to be rejected from the 78.6% and 88.6% zone.
In the case of another rally to above 1.33 resistance I will short the EURUSD from the rectangle area which is a perfect confluence of 38.2% retracement of the major down wave and 1.618 projection of the previous upward retracement