Euro / U.S. DollarShort
EUR/USD Bearish Idea
1. Closed with a Marubozu on Daily Timeframe
2. Bounce of 0.236 fib level on Daily Timeframe
3. Strong Resistance Level at 0.236 Fib level on 4 hour timeframe
4. Downwards Trendline is starting to form on the 4 hour timeframe
5. Cross of EMA on 4 hour timeframe
Plenty of Confluences to the downside, i believe EURUSD is heading straight back down to 1.03850 and possibly lower.
#EUROISDEAD
2. Bounce of 0.236 fib level on Daily Timeframe
3. Strong Resistance Level at 0.236 Fib level on 4 hour timeframe
4. Downwards Trendline is starting to form on the 4 hour timeframe
5. Cross of EMA on 4 hour timeframe
Plenty of Confluences to the downside, i believe EURUSD is heading straight back down to 1.03850 and possibly lower.
#EUROISDEAD
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