FXTRADEVIEW

Time for the bears to step back in?

Short
FXTRADEVIEW Updated   
FX:EURUSD   Euro / U.S. Dollar
I think it's time for the bears to step back in. After the large move that pushed price up to 106.56 smart money is again short.I am planning a short position at 105.62 with a stop positioned at 106.70. I have identified three potential profit targets. The first level is 103.40 followed by 101.42 and then 100.36.

Just my humble opinion.
Comment:
TP Number one has been hit this morning. More downside to come?

Disclaimer

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.