RoyVan Der Reijnst
Short

Looking for a bounce and solid Short Entry EURUSD

FX:EURUSD   Euro Fx/U.S. Dollar
89 0 0
Trying to apply a little OTE             combined with Key Support and Resistance levels.

IF the price can reach back to the 62-76% Fib around 1.2455, the odds are in our favour to see a break of July 2012's low, considering ongoing downward momentum .

Also, a move to June 2010 low from the July 2012 would be of exactly the same magnitude of the 1.2530-1.2286 move, confirming the June 2010 low as a new Key Resistance.
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