Looks good to short this pair if we break the support-zone at 112.375. Also keep in mind the trend-line that is going from 111 and upwards. Looks like it's creating a support-zone here too? Watching and monitoring..
I made this analysis last weekend but will post it now that it has reached support area. Looking to see if this area holds and maybe get an opportunity to buy the EURO.
This is just an idea of what can happen next. Trade at your own risk.
Keep it simple
Just an idea on the possibilities on what can happen with DAX in upcoming week(s) ahead! If SPX is going to crash this week we will most likely head down to fib at 9800 ish (0.382) before we reach higher levels.
I will not be surprised if we reach 12000 before the end of the year. Happy trading!