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Aleksin_Aleksandar

EURUSD short view to 50,0% Fibonacci

Short
Euro / U.S. Dollar (FX_IDC:EURUSD)  
Aleksin_Aleksandar Updated   
FX_IDC:EURUSD   Euro / U.S. Dollar
Support and Resistance Trend Lines Fibonacci
10
8
supportandresistance trendline fibonacci
Last night EURUSD formed a new higher high at the 1.00000 level. During the Asian trading session, we see the Euro weaken and make pullback below the 61.8% Fibonacci level. Now we already see a break below, and the pair EURUSD could go down to 0.985000, at 50.0% Fibonacci. There, we could find a more concrete support zone for a new bullish impulse. Now our goal is to form a new higher low and continue the bullish scenario that started last week.
Trade closed: target reached:

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