2015-07-31_01-18-47

Here we go again for another analysis for this eurusd pair.

Price has been behaving bearish and has been coming down nicely.

The best short opportunity would have been at the number 1 to the right of this chart.

It was the first lower high provided after a series of higher highs.

Now since this chart seems to be trending we may use our fib tool again and try to enter at a 38 to 62% retracement.

For a target I would pick the 121,4 %level since it is also an area of support and where we have a cluster two pivot points.

Happy trading…

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