Short-term Long; Better selling position for long-term trade
Hard times for EURUSD to move higher above confluence of .5 Fib retracement from (1,26-1.044) and major resistance and psych level at 1.15. Test of 1.15 with double top formation as this is significant level followed by retracement towards 1.138 and forming Head and Shoulders pattern at resistance is anticipated.
Should 1.15 fail to provide resistance (as a result of Dollar index passing 93 mark and moving towards 90 levels) 618 Fib levels provide next level of resistance.
Short term advances providing great opportunity to enter selling side of the marker at higher levels.
Should 1.15 fail to provide resistance (as a result of Dollar index passing 93 mark and moving towards 90 levels) 618 Fib levels provide next level of resistance.
Short term advances providing great opportunity to enter selling side of the marker at higher levels.