EURUSD bounce to short: EU resistance zones to watch
EU finally got a bounce, from the 8.618 fib extension.
Supposed to bounce at 8.236 but stops were hunted.
Typical London games, it dove at open only to reverse.
The impulse from bottom is showing some strength.
It should reach at least the green 4.236 around 1.18xx.
It could go much higher but expect a pullback soon.
Background:
I am an EU bear, spotting the top in April 2018
As that downtrend started, I spotted 1.07 as final destination
Since then I have been shorting or waiting to short, for example my last big short based on Pivots
Supposed to bounce at 8.236 but stops were hunted.
Typical London games, it dove at open only to reverse.
The impulse from bottom is showing some strength.
It should reach at least the green 4.236 around 1.18xx.
It could go much higher but expect a pullback soon.
Background:
I am an EU bear, spotting the top in April 2018
As that downtrend started, I spotted 1.07 as final destination
Since then I have been shorting or waiting to short, for example my last big short based on Pivots
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