R2R-James

heading south

Short
FX:EURUSD   Euro / U.S. Dollar
Looking at such a clean set up here on the eurusd . We broke through previous support now acting as resistance. Also at that resistance level were reaching the 50% fib retracement of the previous move down. I expect targets of my 27 or 414 level to be reached due to another supporting trend line . Moving averages are still indicating bearish movement with the red line still running below the blue line.