EURUSD Looking for short

#eurusd #dxy #usd #forex
EURUSD approaching the 76.6% - 88.6% retracement of the prior range.

Let current price break the high one last time before drawing a confirmed trend line across the trend lows.

Once price breaks this trend line, we should see price challenge the following trend line and either find support or break through.

Yellow projection: Preferred scenario is for this to dive through the second trend line, retest and take the drop to break the prior low.

Teal projection: Price could continue higher and break the high before any signs of shorts.

The risk: Keep your stops above 88.6%, if it closes above this will most likely break the high.