Double_3ntendre

EU -Bearish outlook

Short
FX_IDC:EURUSD   Euro / U.S. Dollar
End of corrective phase(ABC flat) on EU and new lower high established.We have fibonnaci confluence with the 3rd rejection of the H4 descending trendline. Looking for another impulse move down to the 1.02500 area to form new Lower Low.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.