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TradingFanatic
Jun 24, 2018 9:00 AM

EUR/USD Potential Short Short

Euro Fx/U.S. DollarFXCM

Description

Hello traders!
After a huge drop and a fake break of Buy Zone at 1.15530, the pair started to gain momentum. The 0.5 FIB Level proved to be a significant level after the price struggled there and fell to 0.38 FIB Level. I believe that the price will now reach 0.61 Fib Level or enter the blue supply zone. A short position is appropriate there if we see a confirmation and price action. I am going to put my SL past the 0.78 Fib Level and the TP1 to 0.5 and TP2 to 0.38 Fib Levels.

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