Reversal very likely, grab the short

28 de jun. de 2017

We can see that the Euro is headed for another reversal, good spot to grab the short. I'd open the short now and aim for the target ~1.1275. We can see our Fibb circles are very consistent with the reversal pattern as shown with green boxes, we are about to hit another resistance spot so a downtrend is very likely again. RSI is at max threshold and price is largely overbought, which also signals a potential reversal here. Set the stop loss at 1.366ish and shoot for target mentioned above, should be able to collect some good profits.