Short the Euro !

In refer to last week analysis on EURUSD (23 Sept post); the Euro Dollar trend has been in the bearish bias. Yet, those who are looking on a more conservative entry would be advised to wait for a retest on a EMA 20.

As of now the Euro is at a good price for entry where;
- Price retested on the EMA 20 AND not able to close above it
- A confluence of Fibo level at 50% - a very strong level of resistance

Simple entry to short the pair !

Recommended TP level :
TP #1 @ 1.1624
TP #2 @ 1.1476

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