PetarJacimovic

Selling looks risky, potential extented correction !

FX:EURUSD   Euro Fx/U.S. Dollar
115 0 3
EUR/USD             is trading sideways and in channel range. Selling at this stage looks risky because we may see extentdd upward correction and also position on MAs is very flat, even 200 SMA is heading upward. Also, europe indices
FTSE             and DAX             are strugling for upside. Fibonacci extension 61.8% is at the price of 1.1040, Fibonacci expansion 100% is at the price of 1.1245. I am neutral on this pair.
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