Let's take a look at today's EURUSD chart. Price was rejected at 61.8% Fibo on H1 last friday and fell all the way to 23.6% Fibo level on H1. However, there is still a 76.4% support on H4 which the price needs to break for further downside. Will be looking for shorting opportunity when price retraces.

- http://eurusdtrader.blogspot.com -
Trade what you see, Not what you think