short eurusd

FX:EURUSD   Euro / U.S. Dollar
sell eurusd if it doesn't go far above today's high 1.12170.
with first target around 1.10800 and possible second touch of highly magnetic level 1.10000.

if eurusd breaks and stays above 1.12300 - 1.12500, this will invalidate south direction with targets mentioned above.
Comment: bearish movement started right after this idea publication!
Comment: short targets mentioned before are irrelevant now. yet i presume euro will keep moving south as long as area of 1.12500 - 1.12650 stands.

recent spike to 1.12500 corresponds to correction level 88.6.

and if today or tomorrow the price breaches below 1.11900, it's highly likely the price will get to this year's lows first, and i still think it will touch 1.10000 level.

Comment: eurusd along with gbpusd retested few important levels and are going short.

my target is still 1.1.
Comment: eurusd just made new year low. if it doesn't bounce today above 1.115-1.1175, new lows are likely coming this or next week.


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