Hellena | EUR/USD (4H): Short to 61.8% Fibo lvl 1.07715.

FX:EURUSD   Euro / U.S. Dollar
Dear Colleagues, it is obvious that the price has made a strong upward momentum. I suppose that this movement is wave 1. At the moment I expect that the price will make a corrective movement of wave 2 to the area of 61.8% Fibonacci level 1.07715.

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Dear colleagues, the price has tested the resistance area at 1.08576. I suppose that now only short positions can be considered. The target may change and we should be careful when the price reaches the 50% Fibonacci level.
Dear colleagues, yesterday the price traded at 1.07970. It was quite close to our target! I have concerns that wave 2 could end at this level. In any case, we should carefully watch for further price changes and set trades to breakeven. I also recommend to close some positions.
The price tested the level of 1.07969 twice. I suppose that the price will do it one more time and then reach the target. It may not happen this week, but I want to remind you to set trades to breakeven!
Dear Colleagues, the price is still in the forecast range. The price sentiment is more downward, the high has not been updated, which means I expect the scenario to end next week. The target remains 1.07715.
Well. The price has returned to the resistance area and that means that the price is giving us an opportunity. I suppose that we should consider only short positions with the aim to reach at least 1.07967 (the nearest local minimum).

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