Razvan

EURUSD - Still Respecting Price Action

FX:EURUSD   Euro/U.S. Dollar
847 2 8
Hello guys, long time no see. The EURUSD             is still respecting the up channel pretty nice. It broke the symmetrical triangle bellow its lower line and fell back to 1.3815. An important support area , where it also found the trend line . If on a 60 minutes time frame, the price will close above 1.3850 I am expecting a retest on the 200 EMA . A drop bellow 1.3800 its bad news for bulls. :)
Wait till 3725, and look for weakness of bears. It`ll be new flat I guess.
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Razvan al.tribun
I would look for a retest on 3800/15 to enter short...i believe that fighting with the bears now would be suicide :)
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