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Lenguito_Forex

SELL EURUSD? DOLLAR STILL STRONG?

Short
Euro / Dollaro (FX:EURUSD)  
Lenguito_Forex  
FX:EURUSD   Euro / Dollaro
Support and Resistance Fibonacci Trend Lines
5
0
supportandresistance fibonacci trendline
Price has converged with the 38.2% retracement, top trendline AND the 200MA on the 4HR time frame, which is also also in line with the 100MA on the Day time frame.

This gives us a reason to trade as it seems to be a strong technical level to trade off..

Initially i will be selling of this level, however if price breaks these levels i will buy and target 50% retracement and then the 61.8% retracement.

Please let me know what you think...

Thanks
-L
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