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EURUSD 60 Minute Chart Analysis
Hello traders we are back today to talk about the EURUSD.What can we say just keep selling this pair as dollar strength has not changed and we will remain with our bias to sell this. The chart you are looking at was taken in the Asia session today and I am showing you this and will explain what we have now. Price action in Asia and before the London open has brought this to the 50% Fibonacci level at the open. You can see from the markings on our chart the down arrow and we wanted to enter there for the short trade. Well the market gave us that opportunity and we are now on the second red candle and we are in the London session 45 minutes. I missed the trade as it started two hours before the open so I am considering waiting for a small pullback again to enter or we can enter now as we are at and below the 61.8 Fibonacci level. Remember our take profit level is the 161.8 at about 1.0647 so we have plenty of room to make some good pips. Talk Soon Traders……. William
Source: http://www.fxinstructor.com/blog/eurusd-60-minute-chart-analysis-3
