Hello traders and good to be back with you on this Monday as we take a look at the EURUSD 60 minute chart. As I do this in Asia we can see price action has been sideways to start the day. I like the Friday price action as that is what has set up the trade plan for today. I am looking for a pullback to the 61.8 Fibonacci level at the price level of 1.0569. We will then look for some bull weakness and enter a short trade. I am looking to take profit at the profit zone as marked on the chart at the price level of 1.0510. This can be a nice 50 pip trade for a Monday.
Thank you traders and we will talk soon…….William