Hello traders this is a look at the EURUSD as we approach the London lunch hour I have a trade plan for the London lunch and or the U.S. open. We can see that the pair is at resistance at the R1 pivot point and has a current bearish candle. I am looking to sell this now or at the price level of 1.1156. We will have some bumps in the road down as we need to get through the 200 EMA. I am looking to take profit at support as I have marked this zone on the chart at the price of 1.1117. Traders it is so important that we get some conformation before we enter this sell trade. My bias is bearish and has been for a long time, so we must be patient and wait for price to come to us.
Thank you traders and we will talk soon…….William