I had been looking at Eur/Usd since earlier this morning. Looks like to me the steam is running out on the sellers end and it looks as though it’s hitting a known level of resistance. I also drew out fibo which points to key levels being at .5 and .618. I’m looking for a retest somewhere along those lines and see where it goes. We are in a downtrend on 4hr and over sold in the RSI.
Trade closed: stop reached:
EURUSD Pushed down despite the trendline.