FX_Rhapsody

EURUSD Analysis

Short
FX:EURUSD   Euro / U.S. Dollar
My outlook on EURUSD. Chart looks messy. liquidity lies just above where price currently is. Price might retrace to the smaller Fibonacci 62% - 70.5% retracement level before hunting liquidity that lies higher up ( Bigger Fib 50%-62% retracement level ). We have seen that Liquidity was hunted lower down and so the possibility of price breaking lower is also big. COT reports shows a lower Net Positions as more longs have been closed and also a lot more shorts have been placed in the market.
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