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purpurato59
Aug 22, 2016 10:40 AM

Euro top  Short

Euro Fx/U.S. DollarFXCM

Description

This is another play I have been placing around the dollar strength. Last week DXY seems to have bottomed and this pair is also showing signs of topping. The 1,618 fib extension from last retrace is quite close to the top, and not frar from pitchfork upper limit.
The CCI already came back from the overbought and that signal was useful on last retrace. First target on channel around 1,118 and second target on pitchfork centerline.
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