Sell EUR/USD on Fib Breakout and Fib projections 161.8%

Selling Eur/Usd on breakout fib retracement 61.8%. looking to find new low or at least 161.8% on projections fib line.
Fundamental: Not really much changed last week. We stay short on EURUSD for longer period of time. We still believe that rate cuts will not come that fast, on top of that Europe starting new program to boost ecomony which wil influence euro on the short side.

Risk note: DXY, is around reasonable techincal sell zone. So we m8 see a drop in DXY which will cause a demand on Euro/Usd

Zlecenie aktywne:

Trade is already running 30 pips profit :€