EURUSD Correction Movement

FX:EURUSD   Euro / U.S. Dollar
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.

Follow this trade on:


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.