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James08
Apr 22, 2016 4:58 AM

EURUSD in a ABC correction wave Short

Euro Fx/U.S. DollarFXCM

Description

EURUSD was ended for a bull 5 waves at arround 1.14 which is the first wave's 1.618 Fib retracement , now it is in a ABC correction wave. Price may goes to 1.1 or even 1.08. Yesterday, Euro central bank interest rate dissession, when the price rised to 1.14 was a perfect short place. If u do hold short head, just hold it tight and wait for the price arrive the first target 1.1150. Then the next target gona be 1.10, if 1.10 breaks the price will goes to 1.08 for a large chance.

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For today, 1.1330 to 1.1340 is a good price to short and set SL above 1.14
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