EURUSD (Short)

2019-11-29 05:30:44

The Euro has been sliding for the past week due a strong dollar and it doesn't look to be letting up. All EURUSD price action to the upside is corrective letting me know that the impulsive waves are still short. A flat is taking shape, so I'm looking to ride wave C to the target price. With limited resistance in the way of fibonacci trends lines it could drop further than my target. I'll be managing this closely to take advantage of any further moves to the downside before taking profit, if this trade is successful.