EURUSD Neutral Idea
This pair has been extremely volatile and has been moving with these large swings in price action.
The overall trend is very bearish so we will continue to look for potential short opportunities first.
Currently price action is at the daily 61.8% fib and could make a nice reversal from this level. If we see strong confirmation supporting a bearish outlook we will begin to short, target toward the bottom of this range near 1.09500
If we don’t see this reversal at the 61.8% look for potential reversals at a deeper fib level or around the monthly resistance around 1.15000
This pair has been extremely volatile and has been moving with these large swings in price action.
The overall trend is very bearish so we will continue to look for potential short opportunities first.
Currently price action is at the daily 61.8% fib and could make a nice reversal from this level. If we see strong confirmation supporting a bearish outlook we will begin to short, target toward the bottom of this range near 1.09500
If we don’t see this reversal at the 61.8% look for potential reversals at a deeper fib level or around the monthly resistance around 1.15000