EURUSD is on a corrective movement and as it falls we have some techs to follow.
EUR is about to touch Fib 38.2% at 1.2920 what should support it, leading it back to the 23.6% level along with the 1.300 resistance and the falling trendline.
My preference is to the shorts positions nearby the 1.3000 area, aiming for fibs 50% (1.2850) as Primary Target and fib 61.8% (1.2770) as the main target.
If it breaks up through the pink trendline and the 1.3000 area, that's a stop.
Follow this trade on:
tradingsmarts.tumblr.com
twitter.com/rodrigosmarts
EUR is about to touch Fib 38.2% at 1.2920 what should support it, leading it back to the 23.6% level along with the 1.300 resistance and the falling trendline.
My preference is to the shorts positions nearby the 1.3000 area, aiming for fibs 50% (1.2850) as Primary Target and fib 61.8% (1.2770) as the main target.
If it breaks up through the pink trendline and the 1.3000 area, that's a stop.
Follow this trade on:
tradingsmarts.tumblr.com
twitter.com/rodrigosmarts