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harshjapee

EURUSD might be pushing through 1.1850 before reversing

Short
Euro / U.S. Dollar (FOREXCOM:EURUSD)  
harshjapee  
FOREXCOM:EURUSD   Euro / U.S. Dollar
Trend Analysis Wave Analysis EURUSD Technical Analysis
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trendanalysis waveanalysis eurusd technicalanalysis
EURUSD had pushed through 1.1830 handle on Friday. The probability of pushing through 1.1850 remains high, before bears are back in control. Also note that 1.1850 is the fibonacci 0.618 retracement of the drop between 1.2010 and 1.1610 respectively. A bearish turn there could, reverse sharply lower towards 1.1500 and 1.1160 respectively.

Remain short for now, stop @ 1.2010, target is open.

Good luck!
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