erillmann96
Short

EURUSD DOWNSIDE

FX:EURUSD   Euro / U.S. Dollar
57 1 2
EURUSD             HOLDING FIRMLY BELOW 1.1450 KEY LEVEL WITH A WEEKLY FAKOUT BEAR RALLY TO DAILY SUPPORT 1.11250

A RECENT BULL NFP RALLY CAME TO A SUDDEN HALT ONCE MORE AROUND 1.1350-1.1370 AND A 61.8% PINAND YET AGAIN BELOW 1.1450 BEING REJECTED

PRICE RECENTLY BROKE THROUGH THE 50 EMA AND PIVOT SUPPORT; PULLBACK TO WAIT FOR A SHORT ENTRY IN THAT CASE A 2.5:1 RISK REWARD TO WEEKLY SUPPORT AT 1.1000 WOULD BE A GOOD IDEA!
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