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EURUSD - Limited upside

Short
Euro / U.S. Dollar (FX:EURUSD)  
Signal_Centre  
FX:EURUSD   Euro / U.S. Dollar
Chart Patterns Wave Analysis Beyond Technical Analysis EURUSD eurusdshort fx Forex forexsignals
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chartpattern waveanalysis beyondta eurusd eurusdshort fx forex forexsignals
EURUSD
EURUSD
EURUSD
EURUSD

EURUSD - Intraday - We look to Sell at 1.1137 (stop at 1.1167)

The 161.8% Fibonacci extension is located at 1.1058 from 1.1412 to 1.1193. Continued upward momentum from 1.1027 resulted in the pair posting net daily gains yesterday. Buying posted in Asia. There is no clear indication that the downward move is coming to an end. Bespoke resistance is located at 1.1137. Further downside is expected and we prefer to set shorts in early trade.

Our profit targets will be 1.1070 and 1.1030

Resistance: 1.1137 / 1.1153 / 1.1173
Support: 1.1070 / 1.1030 / 1.0875
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