DK_Investment_Consulting

EUR/USD - sell on 1H - good risk/reward ratio

Short
FX:EURUSD   Euro / U.S. Dollar
market price reached on daily chart the 100 day moving average and first stronger resistance area at 1.113 after nice up movement this and last week. I expect first big seller wave now entering the market which could bring the market down to the drawn area/take profit.

Indicator analyse
-MACD baselines crossed bearish which brings sellers into the market
-RSI baselines has fallen back into regular movement area which is bearish indicator
-Bollinger bands stopped up movement and going into sideways which indicates an incoming correction
-take profit at 38.2 fibonacci area which is first reversal target for strong trends like this one
Trade closed: stop reached

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