Euro / U.S. DollarShort
EURUSD Short Idea
Hello traders, Im gonna do a full analysis on the Eurusd, so we can see that the price is in a clear downtrend, so we're gonna look for sells. Now we're gonna focus on this period of time where we can clearly see this huge impulse to the downside which has broken this support which now turn resistance and we want to see a nice retest on it, and if we want to measure this impulse we need to take our fiboncacci from the high to the low, and we can see that the support matches with the 50% of the fibonacci, so what we're gonna wait is that the price reaches this area, and from price action monitoring, we're gonna look for sells here for the price provide us more continuation to the downside. I hope you liked it, don't forget to comment below what you think.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.