EURUSD Short Trade

6 Jul 2016

Near-term support is at 1.1018, the 50% Fibonacci expansion, with a break below that on a daily closing basis opening the door for a challenge of the 61.8% level at 1.0876. Alternatively, a push above the 1.1159-93 area (trend line support-turned-resistance, 38.2% Fib) paves the way for a retest of resistance at 1.1393.