EUR/USD - SHORT
Potential short setup on EUR/USD into the upcoming week.
We have had a nice rejection from the 78.6 fib on the daily time frame and a big bearish move on Friday down to previous daily support of 1.05200.
We are now sat at this key daily support and a break below this level should result in some new lows. We have had a CTL break and a MA crossover on the 2H time frame. I will now look to see a break and retest of the 1.05200 and will look for resulting price action in order to get a short entry.
For more trading ideas head over to my instagram! Link in my BIO.
We have had a nice rejection from the 78.6 fib on the daily time frame and a big bearish move on Friday down to previous daily support of 1.05200.
We are now sat at this key daily support and a break below this level should result in some new lows. We have had a CTL break and a MA crossover on the 2H time frame. I will now look to see a break and retest of the 1.05200 and will look for resulting price action in order to get a short entry.
For more trading ideas head over to my instagram! Link in my BIO.
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