ANALYSIS: EURUSD SHORT POTENTIAL
EURUSD is back at previous lows and trendline resistance. We also have a 50% Fib
level sitting at the resistance adding confluence. IF we see USD strength continue
we can expect EURUSD to move back towards the 127.2 extension.
Be aware that it is later in the week and we could see a weekly false breakout for USD weakness
to continue. If the price doesn't close below 1.1150 look to take profit.
level sitting at the resistance adding confluence. IF we see USD strength continue
we can expect EURUSD to move back towards the 127.2 extension.
Be aware that it is later in the week and we could see a weekly false breakout for USD weakness
to continue. If the price doesn't close below 1.1150 look to take profit.
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