Hello and welcome back to another week of trading.
Pulling up the EUR/USD, in the shorter term (meaning today’s European and NY session), look for the price to go down a little and then potentially head up to the 1.4280 - 1.4340 area. We’re still watching for what we think will be the “top” soon before we start heading back down - however, we caution that we may still have some time before we get there and we may see a slow play out of this pair, but we’re still working with our Fibonacci projections to see where that may end up being. For now, we’ll look to trade the shorter term.
Good luck and if you do place a trade, be sure to put your stops in that the trade fits into your money management and risk vs. reward ratios.
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