MEX_Exchange
Short

EURUSD profit target reached,prepare to sell on major resistance

FX:EURUSD   Euro / US-Dollar
Sell below 1.1666. Stop loss at 1.1738. Take profit at 1.1572.
Reason for the trading strategy (technically):
Price has dropped strongly and reached our profit target from previously. We suspect that there will be a strong push up to selling area of 1.1666 ( Fibonacci retracement , horizontal pullback resistance, breakout area) for sell orders to be accumulated before a further push back down to 1.1572 support ( Fibonacci extension , horizontal swing low support).
RSI (34) is in an overall bearish dynamic configuration.
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thx thx from Brazil, we appreciate all e work u r doing. Please keep posting...
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thanks for the analysis once again sir...
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Thanks for the analysis, it is helping me alot :)
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please keep posting more analysis... it helps me learn... and i hope to be good like you one day...
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Thank you for providing educational knowledge to the community here at tradingview, MEX_Exchange!
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