EU testing support, potential further downside.

EU has a huge potential to test it's support at 1.1935 area, which is also the 61.8% fibonacci retracement. If it goes further, it will test its support at 1.18729 and 78.6% fibonacci retracement at 1.17236 area. Final tp can be set at 1.1553 which is the last bottom, where price can potentially reverse.

If price fails to break 61.8% fib, look for an entry to long.

Practice risk management. Good luck trading.

*Trade at your own risk!

Comment:

Markets are going crazy due to FOMC. Trade only when markets normalize if you are not comfortable trading news.

If planning to short EU, we are now at a good level to short.

*This is not a trading advice. Use my analysis as guides only.*

Trade active:

Entered at 1.2010

Comment:

SL around 1.2050.

Comment:

+80 pips! Move SL to breakeven.

Comment:

If 1.1930 is not broken, you can take profit and open a long to trade the retracement, or just keep your sell open. Overall trend is still downward.

#RiskFreeTrade

Comment:

Traded the retracement. +40 pips!

Comment:

I hope you guys have successfully traded both ways, the fall from 1.2010 to 1.1940 and the retracement from 1.1940 to 1.2000.

+150 pips in total!!