KingJB

Short Fiber

Short
FX:EURUSD   Euro / U.S. Dollar
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3
Contradicting my DXY idea from yesterday;

Bearish channel in fiber looks to be heading for the 1.08s. Although, i would exercise caution when shorting due to a recent bounce off of the 50% fib level.

A bullish reversal would correlate with my DXY lower prices theory. However, i believe higher $ and lower Fiber is more likely than lower $ and higher fiber.