Euro / U.S. DollarShort
EURUSD - shorting idea
After a rally, EURUSD is slowly reaching an upper band defined by several flat SSBs given by Ichimoku, they act as a resistance zone. Moreover it is blocked by the upper prong of the fork where the price evolved since September. Depending upon the US elections, we may see a rejection of this area with a price returning to the middle of the last swing we observed (25 Sept -> now). Given the technical levels extracted by extending the flat segments of the daily SSB and the median of the fork, 1.10 looks like a plausible target.
Invalidation of the plan in case of non-resistive 1.116-1.120 area.
Invalidation of the plan in case of non-resistive 1.116-1.120 area.
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