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11021992
Feb 2, 2017 12:25 AM

EURUSD: The bigger picture Short

Euro Fx/U.S. DollarFXCM

Description

Hi traders,

The EURUSD has been bullish for quite some time now. Here is the bigger view. We are almost touching the 38.2% and the 50% Fibonacci of the bigger moves. This is also a previous structure area, as we should expect from these Fibonacci retracements.

Cheers

Comment

We hit the 50% Fibonacci retracement. Let's see what happens.

Comment

Nice reaction so far.

Trade closed: target reached

Comments
gotchgo
11021992
@gotchgo, Nice one. So far, so good :)
marcusfx777
Possible aggressive sell on small vol initially; 50% hit(as stated); gap down retested; wr2 hit; and havent broke the from 100sma for the third day ( Daily view)/ bholding as resistance; however, were still in an upward channel...well spotted!
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