Fxprotrader

EURUSD: Key Level To Watch For Shorts

Short
Fxprotrader Updated   
FX:EURUSD   Euro / U.S. Dollar
The downslope in the daily chart of EURUSD is pretty active so i keep watching for price to reach any of the parallels of the median line, and watch for a setup. Price is in a rally and is heading toward the slide parallel where it has been rejected several times in previous tests. In addition we may see that at that level we have previous structure and the 50% fib level of previous downmove. It may take some days but if any sell setup comletes at that level it will be a high probability one.
Comment:
Price has been rejected for the upper parallel. In case it test reaches it again i am going short
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