FX:EURUSD   Euro / U.S. Dollar
271 4 6
Near tag of Fib. Extension 127.2. Minor correction in Bear Trend. Bearish below SMA50.
great ext 127 and i think we may tagged it, but if you look at the chart as i see, look at early APRIL low ( the point of which trend is bullish ) we broke it yes that's right...
trend shift its sentiment, anyway draw a line from that point toward the low that we had after on the early JUNE, then copy pasted the line and put it on the last high that we have on the early JULY end of JUNE around 61.8 fib ...

i think we may retrace up further

best of luck
thanks for analysis I love it
sir what does it mean SMA50? when should I sell?
RobertoTosi M SheelaDevi
simple moving average the blue line. short=sell now, if you agree that pair will hit the target 1.27 and the risk/reward is acceptable.
do it on your own risk an if you belive in the information.
advice: take some time to study forex, there is a lot of information about that on internet. Luck!!!!
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