EURUSD - Looking for a Short entry

PAIR IN FOCUS: EURUSD
ACTION: SHORT
HORIZON: SHORT-TERM


Price seems to bounce off and possibly looking to retrace to the S/R level. Look out for a retest and rejection of the S/R level before any short entries. The S/R level also nicely coincides with the 38.2 Fibonacci retracement level. An extra confluence reinforces the impact of a certain price level.

The TP levels are indicated on the chart, plan your own Stop Loss. Remember to manage your risk!

Feel free to discuss and comment, Cheers!

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