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Aurocks_AIF

EURUSD Daily Chart: Market Ripe for Correction?

Long
Euro / U.S. Dollar (OANDA:EURUSD)  
Aurocks_AIF Updated   
OANDA:EURUSD   Euro / U.S. Dollar
Support and Resistance Fibonacci Trend Lines
6
0
supportandresistance fibonacci trendline
Pair EURUSD seems accumulating for at least a correction (completing the H&S in the 61.8% region) of the leg from mid April to end of May.
Trade active:
Long @1.15774
Comment:
Stop @ BE
Comment:
After being stopped at BE, reentered at 1.15573, with the range's support region in play, with SL under the low of 1.15078. Watching momentum on lower time frames though, in order to anticipate earlier a possible break of the range support.

snapshot
Comment:
Stop @ BE. The present move risks to be corrective, as the previous trend line support could become now resistance. Failing to push back over trend line, will likely lead to further bearish development into the 1.13s.

snapshot
Comment:
Comment:
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