DanV

EURUSD - SHORT TERM BEARISH

Short
FX:EURUSD   Euro / U.S. Dollar
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1
You will note the over the intermediate and Longer term I am bullish on EURUSD . Having said that, it appears to have moved up in 5 waves of the 1.2660 low, which I think could have completed wave (i) and now expect over the next few days for retracement to 1.2870 ideally but could be deeper to 1.28 area before proceeding higher.

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My overall view on EUR is bullish as you will see from other charts published. However, the above idea was for short term counter trend short idea which did not work out if entered would have been stopped out at small loss or if the break of minor blue up trendline was used then no trade would have been triggered. However, the retracement is due and will possibly offer short opportunity at around 1.31-1.3150 area niow. Look out for new updated chart shortly
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