Euro / U.S. Dollar
Short

EURUSD: Sell opportunity approaching

528
The EURUSD pair is near the top of the 4 month Channel Up with the 1D timeframe technically bullish (RSI = 66.302, MACD = 0.007, ADX = 34.138). When the RSI turns ovebought at 70.000 (or close to it), we will have the ideal conditions for a sell. We target the 0.382 Fibonacci level of the Channel on the short term (TP = 1.08850). If S1 later breaks, we will reshort and target the 1D MA50 and Fib 0.618 (TP = 1.07750).

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