EURUSD 4H Short IDEA

10 באוק׳ 2019

EURUSD is still in a downtrend on higher timeframes. The trendline has been respected with a rejection of the 61.8 Fibonacci which also happens to be a nice resistance zone. I do understand that support may be formed around the 50 Fibonacci but until this structure is broken, I will only be looking for shorts.

Note: analysis has been simplified for leverage.