I am shorting to 1.1197 with a stop at 1.1250.

FX:EURUSD   Euro / U.S. Dollar
33 0 3
2016Sep25 I am shorting to 1.1197 with a stop at 1.1250.

I believe the pair will continue to come down after last week's climb.

My stop is 10 pips above the most recent swing high 0and my target reaches the 38.20% fib retracment level.

The pair has already retraced to the 38.20% fib level. Marked with the blue arrow head.

The RSI is high.
Comment: Fail.
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