michael6malone
Short

I expect a retracement to $1.1169.

FX:EURUSD   Euro / U.S. Dollar
37 0 3
2016Sep10 I expect the price to drop to around the $1.1200 support level and then hammer it until it breaks. The retracement will likely occur at around $1.1169.

The price has already retraced to the 38.20% fib level after last week's 75 pip drop.

I would wait for a possible gap up and then enter the short trade, with a stop at 1.1245, once the window has just about closed (or shortly thereafter).
Comment: Sorry I meant a stop at 1.1255.
Comment: Well the pop-up to 1.1263 was unfortunate, but for anyone watching at that time the pop-up formed a doji on the 60min chart that was then followed by an engulfing bearish candle.

I entered another short trade with a stop at 1.1269 and a target of 1.1170.
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