$EURUSD - I'm Being a BearDue to the major shift yesterday, my daily bias is to be bearish. And even though we have not made a lower low, we have yet to create a higher high so I'm being a little aggressive with a bearish call since I don't have as many confirmations as I would like to have.
I pulled fibs across a few situations and entered on each three of those situations shown and 3 different take profits for all 3. I've entered at 1.17724, 1.17635, and 1.17543. First Goal is 1.17250, Second is 1.17075, Third is the 1.16860. These are the 0. -27%, and -62% extensions. If it makes it to -100% at 1.16615 that would be great.
1.1800 is serving as a major resistance. And when overlaying bond yields, the German yield (conducive of the Euro), it steadily declined during the hours of 6 a.m. and 8 a.m. (CST U.S.). However since 8 a.m., they've both shifted toward more positive yields and the German yield is a bit more aggressive, so that is a little worrisome.
I could be completely wrong. We may need a higher retracement before we start seeing the seasonality of the fall of the EU. I'm just hoping it's sooner than later.
Side note #1 - I'm in the positive on my last position I took. Crossing my fingers it stays that way.
Side note #2 - I don't believe in trendlines.
Side note #3 - I use the Dollar Sign ($) in front of the symbol because I post these to twitter and it will tag $EURUSD like a hashtag except. And it can be searchable like a hashtag.
