EURUSD Intraday Trend Change

On a short term perspective, the EURUSD appears to be in correction after the recent impulsive movement from 1.17 - 1.2150.

Why ?

1. Dead Cross of the 20/50 MAV

2. Swings of LL and LH.


So a short could be considered

1. Enter - around 1.20

2. Stop - above 1.2050 (50 pips)

3. Target - 1.1870 ( 130 pips)

RR= 2.5