EURUSD Short - Fibonacci Retracement & Market Structure Break

25 Eki 2020

The EURUSD has made a short term market structure shift to the down-side and retraced back up to the 79% Fibonacci Retracement level. I am anticipating the asset the drop to the 1.1825 as a first target level where I will be taking partial profits and reducing my exposure, and if this level is reached, I will be moving my stop loss to break even to scale out the rest of the trade. Further downside targets are 1.181 and 1.1787 as indicated on the chart