jrashaadtrades
Short

EURUSD LOOKING FOR SUPPORT

FOREXCOM:EURUSD   Euro / U.S. Dollar
Three areas labeled in the chart could serve as support for the falling EURUSD .

1). Area around the center of the descending channel .

2). 50.0% Fibonacci Extension

3). 61.8% Fibonacci Extension and round 1.22 level.

I'm still short 3 lots and up +200 pips across them in total. Will keep a close watch as this is a countertrend trade, although trade sentiment has about evened out.
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