Trader_97
Short

EURO MANAGES TO HOLD ABOVE 1.0686

FX:EURUSD   Euro Fx/U.S. Dollar
39 0 0
EURO             MANAGES TO HOLD ABOVE 1.0686 AREA SUPPORT AGAIN , BROKE OUT OF THE T.L SUPPORT FROM 10TH OF NOVEMBER TWICE TODAY BUT HELD AND GOT A CLOSE BACK ABOVE THE TREND LINE.FOR THOSE LOOKING TO SHORT THE EURO/DOLLAR FURTHER.WAIT FOR A CLEAR BREAK OUTSIDE OF THIS TREND LINE AND SHORT BELOW THE SUPPORT LEVELS @ 1.0686-1.0672 AREA.OVERALL TREND ON H4 TIME FRAME REMAINS BEARISH AND PRICES ARE WELL BELOW THE 100 DAY SMA AND 50 DAY EMA , IF WE CONTINUE TO PULL BACK FROM THE SUPPORT AREAS THAT MEANS WE MIGHT NOT BE READY TO BREAK LOWER JUST YET WHICH MAY LEAD TO A SCENARIO WHERE WE COULD SEE A RETEST OF THE MINOR RESISTANCES AROUND 1.0744-1.0774 AREAS .KEEP LOOKING FOR SHORTS TILL THESE LEVELS REMAIN INTACT
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