TmTRADES

EURUSD SHORT - RETEST THEN CONTINUATION?

Short
FX:EURUSD   Euro / U.S. Dollar
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US DOLLAR IS GOING STRENGTH

PRICE HAS BROKEN ASCENDING TREND LINE ON THE DILY TO THE DOWNSIDE. EXPECTING RETEST AND CONTINUATION OF THE DOWNTREND.

ON THE 4HR PRICE HAS BEEN MAKING LOWER HIGHS (HIGHLIGHTED BY BLUE CIRCLES) AND LOWER LOWS (HIGHLIGHTED BY YELLOW CIRCLES. EXPECTING PRICE TO RETRACE UP, RETESTING ASCENDING TRENDLINE AND DAILY SUPPORT NOW TURNED RESISTANCE.

STOPS ABOVE THE 78.6% LEVEL AND TAKE PROFIT AT WEEKLY SUPPORT @ 1.0975