BombayBulls

EURUSD Short Entry

Short
FX:EURUSD   Euro / U.S. Dollar
If US Dollar stops to catch a breath today then dollar index is likely to consolidate between 96.50 / 97. Which roughly correlates to EUR/USD levels near 1.1000. Scaling shorts between 1.0960 and 1.1000 makes sense. Even if euro muster up the strength to have bigger correction towards 1.1100, path may not be a straight line and 1.1000 can provide intraday trading opportunity from short side.

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