Hello traders and welcome to a new trading week and as we do every Monday we look at the EURUSD. As we look at this 60 minute chart we can see we remain in the bearish trend on most time frames. I am looking for a small sell trade. I would like to see this pull back to the 50% Fibonacci level at the price of 1.0660 and a bearish candle formation and enter a sell trade. I am looking to take profit at the support and take profit zone at the price of 1.0616 for a nice 50 pip trade for a Monday would be nice.
Thank you traders and we will talk soon….William