EURUSD 3 March 2011


Finally the price break 1.3861 (marked as 3 on the chart), so now I am looking for the bearish or reversal setup for EURUSD. EURUSD is currently at 162% fibonacci retracement, hitting upper trendline, and I believe it is only waiting a good time to reverse. Trade on your own risk. Wish you a green trade.


If the price break or close above 162% fibonacci level on my chart, then I will look for another sell setup at 1.3950. But I hope it will not go that high ;-)


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