Ben_Thorneywork

EURUSD Short - Fibonacci Retracement & Market Structure Break

Short
FOREXCOM:EURUSD   Euro / U.S. Dollar
The EURUSD has made a short term market structure shift to the down-side and retraced back up to the 79% Fibonacci Retracement level. I am anticipating the asset the drop to the 1.1825 as a first target level where I will be taking partial profits and reducing my exposure, and if this level is reached, I will be moving my stop loss to break even to scale out the rest of the trade. Further downside targets are 1.181 and 1.1787 as indicated on the chart

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