EURUSD Short - Resistance, Fib extension, exhausted move

Here we see a shorting opportunity at the 1.13 level on the EURUSD using previous resistance and the 2.61 fibonacci ratio from the previous short wave down, target would be mid 1.09's going long for the next wave up. I think the dreams of EU parity with the dollar are long gone.

Kommentar:

If this plays out, I'll target mid 1.09's and flip the position around to long for a big move up to 1.16.

Kommentar:

Almost there... one more leg up.