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DAILY FOREX IDEAS

EURUSD Daily Update

Good morning and I hope you will have a great week!

Well here is my view on the EURUSD – after last Friday’s meltdown which dropped the price from 1.1389 all the way down to 1.1288 I am in favor for short trades.

As you can see from the chart EURUSD broke the up trendline from 7th of March like it was a chopstick and never looked back! Currently we are in a correction which should limit within 1.1320 to 1.1350 – Fibonnaci areas.

So my plan is for short trades in that are with a SL above Friday’s top at 1.1389.

Good luck!

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