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EuroMotif
Feb 12, 2019 9:38 PM

EURUSD bounce to short: EU resistance zones to watch 

Euro Fx/U.S. DollarFXCM

Description

EU finally got a bounce, from the 8.618 fib extension.
Supposed to bounce at 8.236 but stops were hunted.
Typical London games, it dove at open only to reverse.

The impulse from bottom is showing some strength.
It should reach at least the green 4.236 around 1.18xx.
It could go much higher but expect a pullback soon.

Background:

I am an EU bear, spotting the top in April 2018


As that downtrend started, I spotted 1.07 as final destination


Since then I have been shorting or waiting to short, for example my last big short based on Pivots

Comments
coinwide
great, thx for insights
EuroMotif
@coinwide, yw and thanks for comment. Best of luck in your trades.
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