EURUSD started to drop several hours ago, at DM4 and Role Reversal Resistance area, which is also Fib 50% zone.

2016-01-07_16-40-26-EU1

Thus I would like to explorer the possibility to short this pair.

Looking at M15 though, this pair is still technically up trend.  So we have to wait to see, at least Lower Low.

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But IF we see Lower Low (ideally, lower than DPP), then it may be interesting to sell this pair from the next Lower High.

The first target will be Double Bottom on Hourly chart (1.0710), or you can hold this trade down to Double Bottom on Daily chart (1.0500).

 

 

YJ Baik – Forex.Today @ Tokyo

 

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