rodrigosmarts

EURUSD Correction Movement

FX:EURUSD   Euro / U.S. Dollar
1
EURUSD is on a corrective movement and as it falls we have some techs to follow.

EUR is about to touch Fib 38.2% at 1.2920 what should support it, leading it back to the 23.6% level along with the 1.300 resistance and the falling trendline.

My preference is to the shorts positions nearby the 1.3000 area, aiming for fibs 50% (1.2850) as Primary Target and fib 61.8% (1.2770) as the main target.

If it breaks up through the pink trendline and the 1.3000 area, that's a stop.

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