EUR / USD
Euro / USD is in a long term down trend, Price has had a pull back over the past week.
Price has stalled at the 61.8% Fibonacci level and formed a double top 1. 2440.
Chart below:
Following the double top, price has broken down through the averages and pivot points and I am looking for a short entry when price pulls back.
Chart and levels below:
1st Entry: 1.2355
2nd Entry: 1.2365
Averaged Entry: 1.2360
Stop loss: 1.2395
Target: 1.2185 (5% and a previous reversal point)
The levels may be adjusted slightly as the day progresses. If they do I will update the trade accordingly.
Hope you can enjoy some of the weather this weekend.
Regards
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