Huge sell off on the EUR this past week, I was looking at this as a chance to long back up to resistance as it is oversold but looking at the bigger picture I think it is best to hold off at the moment. The situation is very bearish and there will certainly be swing trading opportunities here but the trend is going down and longing anything here seems like a big...
This has formed a support level at the current price area. This is a good entry point with SL just below the lowest low, TP is at -0.272 Fibonacci which would be a new all time high.
