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RCP
Sep 8, 2015 6:26 AM

EURUSD: 2 profitable moves 

Euro Fx/U.S. DollarFXCM

Description

Today on FX:EURUSD we have a shorting opportunity at the edge of potential channel with the confluence of fibs 61.8 and the structure resistance.
I think the price will come back to previous structure support -which will be the good opportunity to get involved and go long.
1. IF price breaks the channel and the resist than we should be looking our targets to be @1.1317.
2. IF price could not break the structure and makes double top, the price we fall down to the previous support @1.1180, which means that market has to decide there to go next.

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