EURUSD 1.0960 to 1.0810 Short

EURO / U.S. DOLLARICE

Description

⋅ Dec 15, 2015 6:22 PM

I. EURUSD has remained below daily resistance 1.1015 as displayed on D timeframe.
Same chart highlights likely sell targets of static line 1.0815 and descending daily trendline at 1.0760.

II. In short term view, I expect EURUSD to retrace back to 1.0954/1.0970 area (38.2% Fibo level + intraday trendlines) and enter sell there.

Trade closed: target reached

⋅ Dec 17, 2015 9:06 PM

Target 1.0810 completed.

Comments

johan.verm

⋅ Dec 16, 2015 1:08 PM

Good analyse with trendlines....Good luck..

rauan

⋅ Dec 16, 2015 9:13 AM

Tested and retraced down from 1.0954, 38.2% Fibo level.
Further action is decline continuation (more likely) or return to 1.0970.