FXPhantom

Opportunity to short EUR at 1.39

Short
FX:EURUSD   Euro / U.S. Dollar
3
There are some pips to pick up from short on EURUSD here. 1.39 is 0.786 fib retracement of the previous move down . We're seeing nice divergence on momentum indicator and nice bearish candle is forming on 1H chart. Place tight stop above 1.39 with initial target at 1.381 - the broken resistance which might be retested.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.