EURUSD Sell Position Idea

> Reversal

Over all trend is bearish on the monthly and weekly
On the monthly, its a 61.8 fib level
Its also testing the previously formed 3 year
high which also turns out to be a supply zone (Resistance)
Waiting to observe price reaction in that zone to
consider placing a short position basing on the candlestick anatomy
and price rejection on the smaller time frames (1Hr,4hr and daily )

This also resonates with the DXY (Doller Index) as they are negatively correlated
EURUSD is the direct opposite of DXY.